Publication Topics Archives: Fair market value

Highest & Best Use: Economic Feasibility

By M. Robert Goldstein and Michael J. Goldstein

April 17, 1985

This article discusses one of the four prongs of “highest and best use” when determining the fair market value of property under eminent domain law: the economic feasibility test. Using Appellate Court case law, the authors elaborate on what is required to prove that a proposed use is economic feasible.

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