This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
Certain property taken through condemnation may be only a portion of a large tract of land. If a considerable amount is taken the owner may be entitled to consequential damages, owing to the fact that the remainder of the plot would be too small for adequate improvement which would yield a proper income. The valuation is made as of the date the title vested in the City; and although the remainder may greatly increase in value in the very near future on account of the contemplated improvement, this must not affect the award for the property taken. The remainder may become a corner or a key to a corner, or a controlling factor of a corner. It may also immediately adjoin an entrance to a bridge where traffic would be multiplied many hundreds of times, and where a building could be erected that would produce enormous rentals. Still this has no bearing on the original award.