Tri-County Metropolitan Transportation District of Oregon v. Posh Ventures, LLC

ROSENBLUM, S. J.

Plaintiff Tri-County Metropolitan Transportation District of Oregon (TriMet) and third-party defendant City of Portland 1 appeal from a general judgment entered after a jury awarded $756,000 to defendant Posh Ventures, LLC (Posh) for the diminution of value to property owned by Posh. The action, and thus the jury’s award, was based on ORS 105.855, which requires a city or mass transit district to compensate commercial property owners for the reduction in fair market value of property caused by restrictions to the street traffic lane adjacent to the commercial property. In this…