The Daily Record reports that a Morris County jury in New Jersey awarded $3,750,000 to the owner of the Travelers Diner in Dover, after DOT deposited $2,000,000 (Peggy Wright, Owner of Dover Diner in Eminent Domain Case Gets $3.75M, Daily Record, March 15, 2011). That’s an increase of 87.5%. The diner’s owners are also entitled on interest on the award.
As noted in another, NJ.com press report on this case, the $3.75 award does not include the value of the business — it’s for only the value of the land on which the diner stands and the value of the diner itself, including fixtures. Go to http://blog.nj.com/ledgerupdates_impact/print.html?entry=/2011/03/jury_awards_375m_to_former_own.html