New York Court of Appeals

In the Matter of Allied Corporation v. Town of Camillus, (And a Second Proceeding.)

November 18, 199280 N.Y.2d 351

Summary

The New York Court of Appeals reversed the Appellate Division and remanded for a new valuation, holding that the waste‑bed facility is a specialty and must be valued by the reproduction‑cost‑less‑depreciation method rather than the comparable‑sales method.