Bill Ledford Motors, Inc. v. Department of Transportation

Eldridge, Judge.

This case comes to us by way of an interlocutory appeal. The sole issue, as stipulated by the parties to this inverse condemnation case, involves an inquiry as to whether the trial court correctly determined that “it is not permissible for an expert to base an opinion of the leasehold value of unique property on the profits and/or business value of the property!.]”

Appellant Bill Ledford (“Ledford”) operated three separate motor vehicle dealerships on leased property located between State Route 18 and Juliette Road near 1-75 in Monroe County. In August 1987, the State…