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The University of North Texas can now move forward with purchasing the Sack N Save building at 1500 Interstate 35E. The UNT Board of Regents voted unanimously for the chancellor or a designee to move forward with buying the property for $6.25 million. The property was valued $2,155,200 by the Denton Central Appraisal District last year. In September, the board authorized the chancellor or a designee to work on an agreement to buy the property, and use eminent domain if a deal could not be reached. Read more: http://www.dentonrc.com/local-news/local-news-headlines/20150408-unt-
As the University of North Texas seeks to take property that for decades has been home to a Sack & Save grocery store, the chorus of voices questioning government’s ability to confiscate private property in order to grow government is mounting. A recent column discussed UNT co-opting a “green, mean spirit” after the Board of Regents green lighted acquiring property located on I-35E via eminent domain should the property owner decline a “fair market price” offer as determined by the university. Eminent domain is government’s ability to seize private property for public use and witho