Lege Trend. Increase Compensation for Eminent Domain. Except for Cities.
Wisconsin AB 770 will “fundamentally re-write” eminent domain compensation to landowners. Here’s how:
- including in compensation “reasonable project costs” like relocating & restarting your business
- raise the maximum compensation amounts offered to both tenants (up tp $80K) and property owners (Up to 100K)
- retain the maximum compensation caps only for citiesm towns and villages but not for private entities or state agencies
Opponents say:
- great cost to state government, utilities & other entities that routinely buy land to make room for public projects
Supporters, like the Wisconsin Realtor Association say:
- “They are just going to have to pay for what the property is actually worth.”
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