Categories : Land UseLeave a comment
“Highest and Best Use” Must Be Legally Permissible Under NJ Zoning Laws
In N.J. Transit Corp. v. Franco, the Appellate Division reversed a just compensation award of $8,150,000. It held that the owners of the condemned property failed to establish a reasonable probability that the municipality would grant the zoning changes required to develop the property for its “highest and best use.”