Nonprofit May Recover Goodwill Lost in Condemnation Proceeding
California Court says recovery may be measured by lost revenue following relocation of program
An appellate court in California has reversed a trial court decision denying recovery of goodwill lost by a performing arts nonprofit following condemnation of its building for a highway project. The Court has said that once a loss of goodwill has been shown, its quantification may be measured by a variety of methods. The Presidio Performing Arts Foundation rented its home in the Presidio of San Francisco and lost its space in a condemnation for a new highway approach to the Golden Gate Bridge. The foundation had extensively remodeled its building for a performing arts center and dance studio. It had extended its lease in 2008 for another five years. Its property was condemned and it had to...
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