Last we checked in, the case we’ve been referring to as the “bizarre condemnation” (Klumpp v. Borough of Avalon) was decided by the unanimous New Jersey Supreme Court in favor of the property owners, and remanded to the trial court for a determination of the compensation owed to the property owners, who had their land taken by the Borough in 1965.
A few days ago, the trial court issued its decision, concluding that the compensation owed to the property owners were owed the fair market value of the property in 1965 ($5,400) plus interest at 8-9%, for a total of $284,802. The property owners claimed the value of what they lost was considerably more, since the Borough offered other property owners whose properties were taken different beachfront parcels in exchange, but never notified the Klumpps of that option. If they had been able to acquire
Continue Reading The Bizarre Follow Up To New Jersey’s “Bizarre Condemnation”