07-19-11 STATE OF NEW JERSEY BY THE COMMISSIONER OF TRANSPORTATION VS. 200 ROUTE 17 L.L.C
A-6208-08T1
In this condemnation case, we hold that the State is required to compensate a property owner for the land and improvements in their present condition, and the trier of fact may consider the reasonable probability of future renovations and approvals required to improve the property to its highest and best use, discounted by the value of the risks and costs of making such improvements.
