U.S. Court of Federal Claims Awards More than $3 Million in Rails-to-Trails Case

more+
less-

The U.S. Court of Federal Claims has recently awarded more than $3 million as compensation for the federal government taking a recreational easement under the federal rails-to-trails program. Relying on appraisal testimony, including matched-pairs and cost-to-cure analyses, the CFC awarded “the amount of $3,177,365, representing $1,267,200 for the encumbrance plus severance damages of $755,165 representing the cost to cure the harm to the property adjacent to the trail, and $1,155,000 for lost access.”

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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.

© Nancie G. Marzulla, Marzulla Law, LLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

CONNECT

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×