Lowball Watch — The Feds

A tip of our hat to Dwight Merriam for alerting us to a new U.S. Court of Federal Claims decision, Lost Tree Village Corp. v. United States, No. 08-117L, opinion filed March 14, 2014.

This was an inverse condemnation case arising out of the denial of a federal development permit under Section 404, and the valuation figures of both sides painted a stark picture. Following an earlierĀ detour to the Federal Circuit on the issue of liability, once liability was found, and the case went to a valuation trial, the owner contended that the before value (with permit) was $4,285,000, and the after value (without the permit) was $25,000. The government contended for a before value of $3,910,000, and an after value of $30,000.

The court found a taking using the Penn Central three-factor approach, and awarded $4,217,887.93, with attorneys fees to be calculated later. For earlier rounds of this litigation, see 100 Fed.Cl. 412 (2011) and 707 F.3d 1286 (Fed.Cir. 2013),

You can find a link to the entire 15-page opinion in today’s post on Robert Thomas’ blog www.inversecondemnation.com