CLIENT:

Keystone Coal Company

LOCATION:

Jacksonville, Florida

CHALLENGE:

Port of Jacksonville institutes a takeover action through eminent domain powers for a recently acquired 70-acre potential coal terminal.

SOLUTION:

A valuation strategy and argument was framed incorporating various approaches to value and the impact of numerous factors on East Coast port lands such as the expansion of the Panama Canal. The net result was the highest eminent domain award to the client in the history of the State of Florida.

THE NET RESULTS:

The highest eminent domain jury award in the history of the State of Florida – more than $67 million.