In This Issue:
- Utah Department of Transportation v. FPA West Point, et al., 2012 UT 79 (Utah Nov. 20, 2012)
- Utah Department of Transportation v. Admiral Beverage Corporation, et al., 275 P.3d 208 (Utah 2011)
- Exerpt from Utah Department of Transportation v. FPA West Point, et al.:
The Utah Supreme Court undid decades of protocol and adopted a minority approach to valuing multiple interests in a single piece of property when it ruled that each estate holder in a piece of property (fee owner, ground tenant, lender, etc.) was entitled to a separate determination of the value of their loss resulting from the condemnation of some or all of the property.
Please see full article below for more information.
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Topics: Condemnation, Damages, Department of Transportation, Fair Market Value, Fifth Amendment, Just Compensation, Taking, Valuation
Civil Remedies Updates, Constitutional Law Updates, Commercial Real Estate Updates, Residential Real Estate Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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