LAS VEGAS — Nevada transportation officials have resolved a dispute over three acres of land needed for the Boulder City Bypass, which is a key part of the proposed Interstate 11.
The Las Vegas Review-Journal reports (http://bit.ly/1sxIHTZ) the Nevada Board of Examiners approved a $4.6 million payment for the property on Tuesday.
The state had initially valued the plot in Henderson's Jericho Heights area at less than $1 million. The owner wanted more than $100 million for the land.
Gov. Brian Sandoval, who's a member of the board, said the settlement was the right way to go because putting the right-of-way dispute before a jury could potentially be much more expensive.
The planned bypass will divert highway traffic around Boulder City and is key to connecting Las Vegas and Phoenix with an interstate.
Information from: Las Vegas Review-Journal, http://www.lvrj.com