Value of Plot Haverford Bought Is DisputedMarch 17, 2011 – In The News
Haverford Township officials acquired a six-and-a-half-acre parcel at Eagle and Lawrence Roads through an eminent domain case in June 2009. Haverford already paid $1.26 million to the Fenimores, who owned the former Philadelphia Chewing Gum Corp., which closed in 2003. The Fenimores, however, argued that the land was worth $6 million.
The township based its appraisal on the parcel’s value if it remained zoned for industrial use. According to David B. Snyder, the Fenimores’ attorney, the Fenimores say they had planned to request a zoning change to put a CVS at the location. If zoned for commercial use, the parcel would be more valuable, he said.