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December 27, 2006

Comments

They really need to keep fighting almost at all costs. The problem they face is that in eminent domain, the government doesn't pay for business damages. They will attempt to show that the parking revenue is a business and they will claim they don't have to pay for that. The same thing happened at the Phoenix Airport but it was a surface lot. There were comparable sales of raw land where the buyer was a parking lot operator but they didn't pay for the land based on how much revenue they could generate. Unless they can win their lawsuit to prevent the taking, they won't receive just compensation via eminent domain. GOOD LUCK.

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