Insights - Holley Law | Category: JUST COMPENSATION & DAMAGES
Law360’s Expert Analysis and Real Estate Authority feature Sophia Holley’s article on a significant SCOTUS case impacting pipeline takings and attorneys’ fees.
The Appraisal Institute defines “highest and best use” as “the reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value.” (Appraisal Institute, The Dictionary of Real Estate Appraisal, 2022).
Sophia Holley was invited to speak with Strafford, a BARBRI Company, on an eminent domain panel featuring speakers practicing in Texas, New Jersey, and Sophia’s jurisdictions of Ohio and Kentucky.
Property owners in eminent domain actions may present evidence at trial that their property is developable for a specific use, even if that use is contrary to current conditions and zoning.
The United States and Ohio Constitutions guarantee that private property shall not be taken for public use without just compensation. There are several ways in which the government may seek to take private property, and property owners should consider strategies available to challenge and seek compensation for these takings.
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