Bar owner in eminent domain case seeks appraisal of his business

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Alamo Plaza bar owner Vince Cantu is working to determine how much his business is worth and hoping a settlement can be reached in eminent domain case.

Scott Ball / San Antonio Report

Cantu met with business valuation appraisers RSI & Associates on Tuesday to start determining how much his business is worth based on projected revenue he will lose if he sells — and hoping a settlement can be reached with the city and state. He said there are several reasons why he believes the City and GLO are breaking the law in trying to take his property.

Land Commissioner Dawn Buckingham was elected last November and has not commented publicly on the Moses Rose’s Hideout dispute. GLO officials are “trying to keep their profile out of this whole messy business of eminent domaining private property on the grounds of Texas freedom,” Cantu said. But the threat of eminent domain is still hanging over them like “a big wet, sticky blanket,” Eldredge said.

 

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MosesRose1836 I think it’s important for RSI, GLO to understand as they are analyzing the future possible worth of your business That your liquor license expires September 2023 and I doubt it will be renewed with all the complaints with TABC

MosesRose1836 on the phone this very minute with my State of Texas representative..

MosesRose1836 Appraisal of the Business. Open 2 days a week. Sells $500/day x 96 days = $48,000 yearly x the rest of your life, would NEVER reach anything near $1 million. Do you really need a sophisticated highbrow firm to do the math

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