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Title: USE OF ECONOMIC EVIDENCE IN CONDEMNATION CASES
Accession Number: 00238729
Record Type: Component
Abstract: IN CALIFORNIA, THE USE OF ECONOMIC DATA WAS FOUND PERTINENT TO RIGHT-OF-WAY ACQUISITION ACTIVITIES: (1) STUDIES OF THE RATE OF ABSORPTION OF PROPERTY WITHIN A DEVELOPING AREA, AND (2) STUDIES OF THE SALES OF REMAINDERS AFTER LAND FOR RIGHT-OF-WAY PURPOSES HAS BEEN SEVERED. ECONOMIC STUDIES WERE STUDIED CALLED RATE OF ABSORPTION STUDIES CONSISTING OF INFORMATION RELATING TO THE ACTUAL GROWTH AND PATTERN OF LAND USE THAT HAS DEVELOPED IN SOME OF THE FREEWAY COMMUNITIES. THE USE OF THIS TYPE OF EVIDENCE IN COURT HAS BEEN APPROVED. ANOTHER ECONOMIC STUDY DEALS WITH THE EXPERIENCE THAT HAS BEEN RECORDED WHEN SEVERED REMAINDERS WERE RESOLD ON THE MARKET FOLLOWING CONSTRUCTION OF A HIGHWAY IMPROVEMENT. THESE DATA ARE POTENTIALLY VERY USEFUL AND THESE REMAINDER SALES STUDIES ARE CONDUCTED IN EACH OF OUR OFFICES. IN PREPARATION FOR A CONDEMNATION TRAIL, THE APPRAISAL TESTIMONY THAT WILL BE GIVEN IS REVEIWED TO SEE WHERE AVAILABLE DATA MAY HELP THE APPRAISERS ARRIVE AT SOME DEFINITIE FIGURE FOR THE BENEFITS THAT THE LAND WILL RECEIVE. THE USE OF THIS TYPE OF DATUM IN A CONDEMNATION TRIAL IS DEPENDENT ON EACH STATE'S LAW OF EVIDENCE. THE LAWS RELATING TO ADMISSIBILITY OF ECONOMIC EVIDENCE IN RIGHT-OF-WAY ACQUISITION CASES ARE DISCUSSED.
Supplemental Notes: pp 85-86. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Title: Monograph Accession #: 01410760
Corporate Authors: Highway Research Board (HRB) Washington, DC Authors: Carlson, Robert FPagination: pp 85-86
Publication Date: 1962
Conference:
Workshop on Highway Law
Location:
Wisconsin, United States Media Type: Digital/other
Features: References
TRT Terms: Uncontrolled Terms: Old TRIS Terms: Subject Areas: Economics; Finance; Highways; Law
Files: TRIS, TRB
Created Date: Sep 29 1994 12:00AM
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