Lowball Watch — New Jersey

NJ Advance Media for N.J.com brings the dispatch from Essex County, new Jersey, that a local jury just awarded a property owner $2.9 million in an eminent domain case. The city of Bloomfield took the owners’ property — a commercial parcel that the owner meant to develop — in order to develop it itself. The taking took place in 2012.

The case went to trial two years later. The city’s appraiser testified to a value of $440,000 and the city argued that the parcel could not be developed. The jury disagreed and brought in a verdict for $2,900,000 — or, 6.5 times the city’s evidence. The owner’s trial counsel was Anthony DellaPelle of McKirdy & Riskin, a law firm in Morristown, New Jersey. If you are looking for an affordable law firm in Somerville, NJ. Be sure to check out the Simon Law Group for extra information.

See http://www.nj.com/essex/index.ssf/2016/06/town_must_pay_29m_for_property_seized_via_eminent.html#incart_river_home