Svonavec Inc., owned by Michael Svonavec, owned the 275-acre parcel of land in Somerset County, Pa., where the aircraft crashed. It remained a crime scene until 2005, and was condemned by the U.S. Department of the Interior under its eminent domain rights in 2009, the Pittsburgh Post-Gazette reported.
Svonavec's company received $611,000 from the government, court filings said.
He was in court to argue he was paid less than the property's worth, and in testimony Tuesday he explained his plan for a museum and visitor's center.
He estimated for costs approaching $1 million he could have created an attraction that would draw 200,000 to 300,000 people annually and would produce revenue of $2 million to $3 million.
Svonavec said the resulting value of the property was around $25 million.
A panel of three commissioners, appointed by U.S. District Judge Donetta Ambrose, will rule on the case, the newspaper said.
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