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Nonprofit May Recover Goodwill Lost in Condemnation Proceeding

Nonprofit May Recover Goodwill Lost in Condemnation Proceeding

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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