Tuesday, March 2, 2010
Fox News reported yesterday about an eminent domain battle in Virginia over the amount properly awarded in just compensation. The city that condemned the property offered approximately $20 million, but the landowner claims he received market offers for more than twice that amount prior to the condemnation. In addition to the differing numbers, though, the story raises the larger question of whether property owners are truly made whole by awards limited to fair market value only. Finally, the story reveals an interesting fact that I did not know -- in Virginia, jurors in an eminent domain case must be property owners.
P.S. Thanks to Stetson law student James Kannard for bringing the story to my attention.
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