Circuity of Travel

[SPSDOT]

The DOT will be constructing a roundabout which will impact a McDonalds. The configuration of the roundabout will change one of the driveways to right in/right out only. The other driveway is not affected.
I know that the property has been damaged, but by how much?

Has anyone done any research on measuring this type of damage, or know of a resource I might go to in order to determine the extent of the damage?

Any assistance or comments would be appreciated.

Steve.

 

[Dennis J. Black ASA IFAS]

Are you working with a General Certified? Do you have experience with ED (sorry could not resist)?

 

[Walter Kirk]

i would suggest contacting site selection pros with other fast food chains. I was suprised to learn how much travel time to and from a fast food site is valued by the large chains. I'm sure that you can calculate the effect on value based on decreased volume.

 

[Fred]

The DOT will be constructing a roundabout which will impact a McDonalds. The configuration of the roundabout will change one of the driveways to right in/right out only. The other driveway is not affected.
I know that the property has been damaged, but by how much?

Has anyone done any research on measuring this type of damage, or know of a resource I might go to in order to determine the extent of the damage?

Any assistance or comments would be appreciated.

Steve.

Just wondering, do the Wisc courts recognize that there is a right to "good" acces or just a right to access?

 

[Fred]

Never mind, I found it.

 

[stefan olafson]

Steven, If you know tell us! We're interested in knowing also!


SPS DOT, Does your license level allow you to do eminent domain work in Wisconsin?

If so, have you taken a good quality ED course?

I think checking with McD's and other fast food chains is a very good starting point. However you also have to do the eminent domain appraisal on the property to determine the loss in value.

 

[Michigan CG]

If you read a McDonald's lease they typically have an "out" clause where they can pick up their toys and leave if there is a change to the property or the access.

I once worked on a McDonald's where we told the city they would be writing a very substantial check should they limit the access. the city was going to put in a raised median that would not permit for a left turn out of the parking lot to get back to the interstate. The Highest and Best Use of the property would change from high intensive commercial getting $20/SF rent to low intensive getting $8/SF rent. It was about a $450,000 difference in value to the owner of the building.

 

[Fred]

It was about a $450,000 difference in value to the owner of the building.

Is that compensable in Iowa - if that is where you were at the time?

 

[Howard Klahr]

Steve has hit on the point ... frequently in regard to eminent domain it is the quantity of access not quality that is compensated thru damages.

What do Wisconsin's laws allow?

 

[Fred]

What do Wisconsin's laws allow?

Hey, I asked first.

I haven't had a chance to verify authenticity, but this...
http://www.legis.state.wi.us/statutes/stat0032.pdf
looks a lot like Wisc Eminent Domain law.