Lowball Watch — Connecticut

Hartford Business.com reports that a trial court in Connecticut (there are no eminent domain juries in the Nutmeg State) ruled that Hartford undercompensated a property owner whose land it took by some $3 million. The city deposited $ 1.98 million, whereas the trial judge awarded $4.8 million. Although the subject property is located near a local stadium, wrote the judge . . .

“[t]he most astounding shortcoming of both of the city’s appraising experts is that neither of them took into account the announcement of the ballpark [to expand], despite the facts that their previous appraisals did not include the consideration of the major change of the construction of a ballpark …”

The city vows to appeal. See http://www.hartfordbusiness.com/article/20161207/NEWS01/161209948/1002