Weekly News Roundup for April 8, 2016

These are some of the stories we’ve been following this week.

The City of Miami has filed multiple lawsuits alleging that various banks violated the Fair Housing Act by targeting minorities for loans with predatory terms, which cost the city money. Wells Fargo has asked the U.S. Supreme Court to […]

Railroad Denied Rent for Easements Under Rights-of-Way Obtained by Congressional Land Grant

On November 5, 2014, a California appellate court reversed a $100.9 million lower court ruling that allowed Union Pacific Railroad Co. (UP) to charge back rent to Santa Fe Pacific Pipelines, Inc. (Santa Fe), a Kinder Morgan Inc. subsidiary that has 1,850 miles of oil pipeline running beneath UP […]

Conflict and Legal Challenges Surround Proposed Oklahoma Wind Farm

Piedmont is a small town of about 6,000 residents located in Canadian and Kingfisher Counties in central Oklahoma. It’s a rural area, yet it has the advantage of being only about 30 miles from Oklahoma City. This location makes the Piedmont area appealing not just to residents, but also to energy […]

Contaminated Properties, Trespass, and Underground Rents

Purpose – This paper seeks to extend the literature on property damage assessment by incorporating the right of exclusion as a compensable component to damages. The paper aims to go on to illustrate methodologies to estimate as a rent this damage component.Design/methodology/approach – The authors develop a conceptual framework from which […]

Valuation of Impaired Land: Greenfield Advisors Experience with Contaminated Sites

This paper reviews issues related to estimating property value effects from contaminated sites. Industrial economies release millions of chemicals into air, soil, and water with adverse effects on human health, other species, future community economic development, and private property values. Hundreds of thousands of parcels are damaged by contamination […]