Author Archive | Michael Rikon

WIND-POWER LINE BLOWN AWAY BY ILLINOIS SUPREME COURT

The Illinois Supreme Court rendered a decision on September 21, 2017 which upheld a lower court decision that an application filed by Clean Line Energy, a Houston Company, may not use eminent domain to acquire land to develop a 500 mile transmission line designed to carry wind generated power through the State of Illinois.  Illinois Landowners Alliance NRF v Illinois Commerce Commission, 2017 IL 121302. The basis for the decision was that Clean Line Energy does not qualify as a “public utility.”  The $1.8 billion high voltage line has been… read more

Posted in Pipeline Takings, Public Purpose, Public Utility
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THE MARKET DATA APPROACH, HOW COMPARABLE DO COMPARABLE SALES HAVE TO BE?

We recently filed a brief in an unusual case dealing with the valuation of a 10 acre parcel of land on the Long Island Sound in Eastern Long Island.  The valuation is premised on a filed subdivision map.  Certainly, this is a rare parcel of land to value.  Both appraisers used the market data approach to value the land.  Utilizing comparable sales is the most common approach to value vacant land.  If the property is income producing, the law in New York requires the income approach, or the capitalization of… read more

Posted in Comparable Sales, Market Data Approach, Valuation
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STORM WATER RELEASES DURING HARVEY WERE ALLEGEDLY UNLAWFUL TAKINGS

Reuters announced that owners of homes flooded during Hurricane Harvey are claiming billions in damages because of Federal and State water releases from storm-swollen reservoirs.  Several lawsuits have been filed in Federal and State Court in Texas and claim properties were taken for public use without compensation.  The U.S. Army Corps of Engineers and a Texas State agency have been named as the defendants responsible for the water releases.  Damages are estimated to be as high as $3 billion.  There may be more than 1,000 homes valued at between $750,000… read more

Posted in Harvey Storm Water Releases, Inverse Condemnation, Temporary Flooding
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BRIGHAM-KANNER PROPERTY RIGHTS CONFERENCE

           This year’s Brigham-Kanner Property Rights Conference will be held from October 12, 2017 to October 13, 2017. The annual Brigham-Kanner Property Rights Conference is presented by the William and Mary Property Rights Project and is named in recognition of Toby Prince Brigham and Gideon Kanner for their lifetime contributions to private property rights.  The conference is designed to bring together members of the bench, bar and academia to explore recent developments in the laws that affect property rights.  The Brigham-Kanner Property Rights Conference began in… read more

Posted in Eminent Domain Conference, Land Use, Property Rights Conference
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WHEN A JUDGE DOESN’T GET IT

New York is one of three states in the union that does not provide for jury trials in condemnation matters.  Not only that, but there is a designated justice who is assigned to hear condemnation cases in every county.  Many of our out of state colleagues who practice eminent domain law find that having the same judge is almost as incredible as not having a jury. Most of the time, the judges assigned to the condemnation part are interested in the subject and become experts in the law.  Some courts… read more

Posted in Appraisal, Appraisal Rule, Date of Valuation, Summary Judgment
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