Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email GroupSales@alm.com to receive your discount on a new subscription.

Commercial Law Government Land Use and Planning

Eminent Domain: Establishing the Highest and Best Use

When a building or lot is taken through eminent domain, the value of the property often becomes a matter of dispute between the government and the owner. What if the property had the potential to become more developed?

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Owners of commercial properties sometimes find that their holdings have caught the government’s eye as potential locations for a train line, a municipal building or a public park. When a building or lot is taken through eminent domain, the value of the property often becomes a matter of dispute between the government and the owner. Was the property, in its soon-to-be former life, a rental apartment building, a building full of leased office spaces or a warehouse? What if it had the potential to become these things but was not yet developed? Could it have been more?

Read These Next