"SCOTTSDALE - The Arizona Court of Appeals found this week that Scottsdale may have undervalued land for its McDowell Sonoran Preserve in a condemnation case that could cost the city millions.
At issue is the date Scottsdale used to determine the value 50 acres of land near 122nd Street and Rio Verde Drive.
The ruling comes less than two months after Scottsdale was handed an $82 million judgment in the Toll Brothers condemnation case, involving 383 acres the city wants for the preserve near Bell Road and Thompson Peak Parkway. Scottsdale is hoping for a new trial in that case."
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City may have undervalued land, appeals court says
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