Question
Yanling owns a 150-unit motel that was constructed in the late 1960s. It is located on 10 acres on the main highway leading into the
Yanling owns a 150-unit motel that was constructed in the late 1960s. It is located on 10 acres on the main highway leading into the city. Yanling renovated the motel three years ago. Yanlings motel is condemned by the city, which is going to use 2 of the 10 acres for a small park. Yanling will sell the other 8 acres to a time-share developer who intends to build 400 units on the property. The developer already has secured approval from the city planning commission. Yanlings attorney advises her not to contest the condemnation of the 2 acres for the park. Under the eminent domain provision, the city does have the right to take private property for public use. However, the attorney advises Yanling to contest the condemnation of the remaining property. According to the attorney, the city does not have the right to take private property for private use. The citys position is that the condemnation will result in a substantial number of new jobs and additional tax revenue for the city. Will Yanling be successful if she follows her attorneys advice?
Summarize your findings in a two-to three-paragraph e-mail to your instructor. Use internet tax resources to address the following questions.
Look for reliable web-sites and blogs of the IRS and other government agencies, media outlets, businesses, tax professionals, academics, think tanks, and political outlets
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