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HIGH ROCK LAKE PARTNERS v. DEPT. OF TRANSP.

No. COA13-1010.

760 S.E.2d 750 (2014)

HIGH ROCK LAKE PARTNERS, LLC, a North Carolina Limited Liability Company, and John Dolven, Petitioners-Appellants, v. NORTH CAROLINA DEPARTMENT OF TRANSPORTATION, Respondent-Appellee.

Court of Appeals of North Carolina.

June 17, 2014.

Attorney(s) appearing for the Case

Van Winkle, Buck, Wall, Starnes and David, P.A., by Craig D. Justus , for Petitioners-Appellants.

Attorney General Roy Cooper , by Special Deputy Attorney General James M. Stanley, Jr. , Assistant Attorney General Scott K. Beaver , and Assistant Attorney General Jennifer S. Watson , for Respondent-Appellee.

McGEE, Judge.

High Rock Lake Partners, LLC ("High Rock") purchased approximately 190 acres in Davidson County ("the property") in August 2005. High Rock intended to develop the property into a sixty-lot residential subdivision. High Rock purchased the property for $5,200,000.00. John Dolven, M.D. ("Dolven") provided $3,600,000.00 of the purchase price through a secured loan. High Rock and Dolven are petitioners ("Petitioners") in this matter. In December 2005, the...

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