City of Valdez v. 18.99 Acres, More or Less, of Land Situated in the City of Valdez

OPINION

RABINO WITZ, Justice.

In an effort to avoid construction delays and a complicated trial concerning property valuation, the City of Valdez and the owners of property the City was planning to condemn agreed that a panel of arbitrators should decide the fair market value of the property. Dissatisfied with the arbitrators’ decision, the City requested that the superi- or court overrule them. The court refused, entering judgment for the amount the arbitration panel had awarded. We affirm.

I. BACKGROUND.

When the City of Valdez decided to build a port, Ammunition Island was one logical site. It…