Fair Market Value

MBS pays $1.23 million in land settlement

By May 7, 2009 No Comments

MBS International Airport will pay $1.23 million to settle a land dispute with a Freeland man whose land the airport wants for its new passenger terminal project.

The case between Ronald Krauss and the airport went to trial for two days last week, but the trial was cut short when the two sides reached agreement. The settlement was recorded in Saginaw County Circuit Court Tuesday morning after the MBS International Airport Commission agreed to it in a closed session Monday. The $1.23 million includes money for the land as well as attorney and witness fees.

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