City of Shreveport v. Standard Printing Co. of Shreveport, Inc.

WATSON, Justice.

The City of Shreveport instituted an expropriation proceeding to take land and a building owned by Standard Printing Company of Shreveport, Inc., which operated an office supply and printing business on the premises. The parties stipulated the public purpose and necessity for the taking of the property in connection with construction of the Downtown Transit Terminal Project, but differed on the damages due Standard Printing, the latter rejecting a final offer of payment by the City of $165,000. The parties further stipulated that the fair market value of the land and building…