City of New York v. State
Opinion of the Court
Appeal from a judgment entered September 17, 1974 upon a decision of the Court of Claims. It is not disputed that the claimant is entitled to "just compensation” for the property taken pursuant to section 3 of the General Municipal Law. The State urges, however, that since the improvement in the form of bridge structures is inconsistent with the conceded highest and best use of the land such improvements have no value as a matter of law (Acme Theatres v State of New York, 26 NY2d 385), or alternatively, if value is to be given to such structures, the value of the land as found by the trial court must be reduced by 90% to reflect the diminution in utility and the decrease of the economic potential of the land available for use as industrial land. As a general proposition, the State’s contentions might be correct but they are not controlling under the unique factual circumstances presented here (Matter of Port Auth. Trans-Hudson Corp. [Hudson Rapid Tubes Corp.], 20 NY2d 457). As the Court of Appeals stated in Matter of Port Auth. Trans-Hudson Corp. (Hudson Rapid Tubes Corp.) (supra, p 468), neither it nor the United States Supreme Court has attempted " 'to prescribe a rigid rule for determining what is "just compensation” under all circumstances and in all cases. Fair market value has normally been accepted as a just standard. But when the market value has
Case-law data current through December 31, 2025. Source: CourtListener bulk data.