Town must pay $2.9M — 7 times more than it offered — for eminent domain property
“A New Jersey town has to pay an owner about seven times what it offered for a property taken by eminent domain.
An Essex County Superior Court jury Friday ordered the town of Bloomfield to pay $2.9 million for a parcel of land that it had previously condemned, an attorney for the parcel’s owner said Monday. The property, which is about two-thirds of an acre and houses an historic train station once run by the Erie-Lackawanna Railroad, was owned by the Bloomfield Daval Corporation, a business led by Howard Haberman, the company’s attorney, Anthony DellaPelle, of McKirdy Riskin, said in a release about the decision.”
Mazzola, Jessica. NJ.com 6 June 2016.