City, land owner at peace (*UPDATE)
I just got word La Puente officials have settled with property owner Victor Gudzunas, who owns a prime piece of Hacienda Boulevard the city's been eyeing for over a year.
The city has been in eminent domain proceedings for the land since last summer, and it seemed all was lost a few weeks ago when the city refused to budge from its $6 million offer, and Gudzunas from his $6.5 million demand.
A trial seemed eminent.
But it looks like all that changed this morning. I don't have all the details yet, but I'll post them as soon as I know.
**********Looks like the settlement price was $6 million - an offer Gudzunas initially refused about two weeks ago.