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A homeowner (often the only one) who refuses to sell to make way for a new development. For example, if a company attempts to buy all the houses in a neighborhood to make way for a shopping center, a holdout is the one who does not sell. Holdouts can force the buyer to abandon or redesign the project.


A property owner who refuses to sell to a developer who is purchasing a number of separate parcels in order to put them together—an assemblage—for development. Sometimes the practice results in an offer vastly in excess of market price,because the holdout controls the success of the entire project.Other times, developers go back to the drawing board and redesign the project, leaving the holdout with no offer at all and what could turn into very unpleasant living conditions due to being surrounded by parking lots and 24-hour high-intensity lighting.Developers often avoid the problem by purchasing options rather than properties,so that if a critical property owner refuses to sell,the developer can abandon the entire project with a minimal expenditure.

References in periodicals archive ?
But with most counties already issuing same-sex marriage licenses, Maxey, the first openly gay legislator in Texas, said there wasn't much reason to file lawsuits in every holdout county - other than Irion County - "to make a point" because of the small population in those counties.
Holdout investors are led by Elliott Management's NML Capital Ltd and Aurelius Capital Management, two hedge funds that specialise in buying up deeply discounted or distressed debt and negotiating profitable settlements, often through the use of the courts.
Moreover, it is far from clear that judges have the specialized knowledge necessary to sort out cases where there are genuine holdout problems from those where the fear of holdouts is merely a pretext for a taking sought by influential interest groups.
Because of the potentially large inefficiencies arising from failed exchanges in land assembly, the holdout problem has been cited as one justification for eminent domain, the legal power of the state to expropriate private property without the owner's consent.
Romania and Greece changed in 1924, and Turkey became the last holdout before it changed in 1927.
THORN]Although recent years have seen progress in getting public entities to obey Proposition 209, there are still holdouts, and their defiance has to stop,[THORN]O said PLF Principal Attorney Sharon Browne.
Anna Gelpern, an expert in sovereign finance at Georgetown Law School and the Peterson Institute in Washington, said Argentina could likely easily pay the so-called restructuring holdouts who sued Argentina -- principally NML and Aurelius Capital.
The Taste Bud Bounty Hunter who successfully convinces the most pizza holdouts to try out the new recipe will win FREE pizza for a year in the form of $20 gift cards - 52, to be exact.
Developer Bruce Ratner and a rendering of the Barclays Center at AY There are a few holdouts left in the footprint of the New Jersey Nets' new home in Downtown Brooklyn, and despite losing their bid to block the state's use of eminent domain to boot them from the site, they're still not going down without a fight.
The police are going to go up and ask them for all pertinent information - basically, next-of-kin - to try to get our point across that we don't want them up there,'' Bell said of the holdouts.
They appear to spend much of their time battling the last few holdouts of humans.
It is embarrassing that one by one the top Fortune 100 companies are failing into the progressive, right way of thinking and ExxonMobil is one of the last holdouts," says Winston, who today lives in Boston, far from his Houston roots.