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Archive | May, 2016

May 12, 2016

The Highline and the Romanoff Case

The Highline has been a very successful park.  It was opened to the public in 2009.  It begins at Gansevoort Street in the Meat Packing District and continues to West 34th Street between 10th and 12th Avenues in Manhattan.  It is, to say the least, wildly popular and crowded with tourists taking advantage of the dramatic views. Last week, Owners’ Counsel of America filed an Amici brief in Romanoff Equities, Inc. v United States, No. 15-5034 (Fed. Cir. March 10, 2016), a rails to trial taking case pending in the… read more

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Posted in Eminent Domain, Litigation, New York, Public Parkland, Rails-to-Trails
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May 3, 2016

New York Law Journal: Reasonable Probability of Rezoning as Component of Highest and Best Use

Michael Rikon authored a column in the April 26, 2016, edition of the New York Law Journal titled, “Reasonable Probability of Rezoning as Component of Highest and Best Use.” In his article, Mr. Rikon begins by explaining what the valuation concept of highest and best use is according to case law, the Appraisal Institute, and The Uniform Standards of Professional Appraisal Practice.  “Certainly, many owners do not manage their property in a way that provides the most productive highest and best use.”  But, once the property is condemned, it is… read more

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Posted in Eminent Domain, Highest and Best Use, Zoning
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