Who determines the offer of just compensation for the property to be acquired?
The Authority determines the just compensation amount to be offered the property owner in a two-step process. The appraiser researches the real estate market and presents an appraisal of the fair market value. A review appraiser evaluates that appraisal and recommends an amount for approval as the Authoritys estimate of just compensation. Under no circumstances will this amount be less that the Authoritys approved appraisal.
