Author Topic: Family Says Land Overlooking Area 51 Is Worth $116M—USAF Says $330k  (Read 267 times)

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Family Says Land Overlooking Area 51 Is Worth $116M—USAF Says $330k
The family with a view overlooking the secretive facility continues to battle with the USAF over just compensation for their seized land.
By Tyler RogowayDecember 6, 2016

    The War ZoneGroom LakeAREA 51Sheahan Familyland disputesNellis AFBNTSHistoryGroom MineNevada

Land overlooking Area 51
Sheahan Family

Last year I shared “The Unlikely Story Of The Family Whose Neighbor Is Area 51,” an amazing saga that spanned more than 130 years. It included the pioneering American spirit, the dawn of the nuclear age and the horrific weapons tests that went along with it, a family’s love for their heritage, and most ominously, the most famous secret installation in the world—the USAF’s sprawling flight test center at Groom Lake—better known as Area 51. When we last left the Sheahan family they were at odds with the USAF, who had just made their “final offer” of $5.2 million for their very unique property. Now, a year later, the land has been seized by the Air Force and a bitter legal battle between the two parties is well underway.
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Both the Air Force and Sheahans have obtained appraisals for the family’s roughly 400 acres of land and mining claims situated across the Groom dry lake bed from Area 51. The results of those appraisals could not be any more disparate. The Sheahan’s estimators put the value of the property at between $44 million and $116 million. Meanwhile the USAF has come back with another value that they are now willing to pay the family, that being just $333,300, or roughly six and a half percent of their last offer. 

Family Says Land Overlooking Area 51 Is Worth $116M—USAF Says $330k
« Last Edit: December 15, 2016, 11:26:00 am by rangerrebew »