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Mayor says judge's ruling limits city's exposure over former Citizens Bank site; council urged to consider redevelopment options
Summary
At the April 1 Jonesboro City Council meeting, council members reported a judicial ruling that a private party lacks ownership interest in the former Citizens Bank building, reducing the city's risk of an inverse-condemnation claim; leaders urged discussion of future development and potential revenue sources for downtown redevelopment.
City officials told the Jonesboro City Council on April 1, 2025, that a recent judicial ruling reduces the city's exposure to a potential inverse-condemnation claim related to the former Citizens Bank building downtown.
A council member summarized the court ruling and said the judge found that the private party asserting interest in the building did not have an ownership interest the court recognized; as a result, most claims against that private party were dismissed. The council member and the mayor said the only remaining claim in the pending litigation may be for back rent. The city’s…
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