Port Auth. of City of St. Paul v. Englund

OPINION

DAVIES, Judge.

Appellant St. Paul Port Authority challenges the jury’s award for condemned property, alleging that it is excessive, that the “development cost” real estate valua*747tion method is inapplicable to this case, and that the trial court erroneously admitted evidence under that theory. We affirm.

FACTS

During the spring of 1985 officers of respondent CSM Corporation and Knox Lumber Company discussed business ventures, including Knox’s plan to relocate one of its stores from one location in St. Paul’s Midway to another. Respondent learned of the U.S. Steel Midway warehouse property…