Mtr. of City of Ny (5th Ave. Coach Lines)

When private property is taken for public use, our State and Federal Constitutions alike mandate the payment of “ just compensation ” (N. Y. Const., art. I, § 7; U. S. Const., 5th Arndt.). They do not require the payment of a windfall, nor, in arriving at ‘ ‘ just compensation ’ ’, do they require the courts to ignore the economic and political realities which faced the condemnees in the course of their normal existence during the many years preceding condemnation.

Much as we may sympathize with the plight of an economically unfortunate corporate operation, we may not sweep that misfortune…