Business Goodwill You Can T Lose What You Never Had
This is almost a case of paving paradise and putting up a parking lot. Almost — because you may not know what you’ve lost until it’s gone, but you can’t recover what you never lost. In a matter of first impression, a California appellate court ruled this week that a business cannot recover for loss of goodwill in an eminent domain action unless the business had goodwill to lose. In 2009, the State Department of Transportation initiated eminent domain proceedings against a strip of Dry Canyon’s Paso Robles property abutting Highway 46....