NFIB makes 3 points on compensating business losses
- It doesn’t matter if the condemning entity only wanted the land and not the business
- A legal obligation exists to pay “full and perfect equivalent” of what is taken
- This legal obligation includes when a business is taken
What legal case is involved? South LaFourche Levee District v. Chad M. Jarreau
Tell me what happened?
- A Levee District found land to be susceptible to storm surges and flooding
- The district imposed easement restrictions
- The easement restrictions prohibit the existing evacuation business from operating
NFIB | Landowners Should Be Compensated for Loss of Business in Eminent Domain Cases