Last month, a property dispute between Green Dot Stables and billionaire Matthew Moroun came to a head when Moroun’s Detroit International Bridge Co. took the extraordinary step of erecting a metal fence through the popular Detroit burger restaurant’s parking lot, after it realized it owned part of the land.
A judge ordered Moroun to take the fence down, and urged the parties to reach a resolution.
According to The Detroit News, the two parties reached a settlement on Friday, with Green Dot Stables simply buying the strip of land for a whopping $90,000.
According to Deadline Detroit, Moroun offered to buy the entire property for $300,000. Driscoll, who also owns the restaurants Johnny Noodle King and Yellow Light Coffee & Donuts, has owned Green Dot Stables since 2011. It is his most popular restaurant.
Driscoll previously told Metro Times that he used that $300,000 offer to calculate how much the sliver of land in dispute would be worth based on square footage, and doubled it, arriving at $80,000. Apparently, Moroun squeezed another $10,000 out of him.
How much money is it worth to never have to speak to a billionaire’s annoying lawyers ever again? We’re assuming Driscoll happily paid it to end the legal nightmare. (According to The Detroit News, both parties agreed to a non-disparagement clause, so we can only imagine.)
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This article appears in Sep 15-21, 2021.
