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Supreme Court ruling boosts railroad land values by billions
Chicago March 9 approximate figures indicate $3,000,000,000 will be added to land values of American railroads as the court requires valuing railroad land at present property values rather than adjacent land costs. Justice Hughes, Minnesota rate case, notes a right of way should reflect adjoining property values. Railroads expect substantial increases in valuations and potential rate adjustments under the Hsch-Cummins law framework.
MENTIONED IN THIS ARTICLE
Chicago
United States Supreme Court
Justice Hughes
Minnesota
Supreme Court
Eneginner Morse
Rockieland Road
Lew Roads
Rock Jland
Government
United States
Interstate Commerce Commission
Morse