State Highway Commission v. Wright

On November 5, 1969, a jury trial was commenced to determine the amount of compensation to be awarded to defendant for the taking by plaintiff of a parcel of land owned by defendant. The primary issue contested at that trial was the suitability of defendant’s land for development as a regional shopping center.

Two real estate appraisers hired by plaintiff testified, respectively, that the parcel had a value of $422,000 and $445,000. Both appraisals were based upon values received in comparable sales of land in the area. Neither appraiser considered sales of land for development as regional…