FGT v. Client – Gas Pipeline

post dateFebruary 29, 2016  •   post categoriesResults

Initial Opinion of Value: $180,352

Settlement: $3,200,000

Comments:  Settlement included additional concessions from pipeline company.

This case involved the partial taking of a permanent easement for a gas transmission pipeline through limestone quarry reserves to a cement manufacturing plant.  The valuation of the reserves together with operation impacts were vigorously contested.  The resulting judgment after mediation recognized a significant valuation component for the impacts to the property and business operations and included extensive modifications to the terms of the easement.