Private terminal operator – financial development feasibility for aggregates terminal
Private terminal operator is looking to develop an aggregates terminal on a deep water inland waterway. A major six lane, elevated bridge is built and the pilings encroach on client’s fee simple submerged land holdings (granted through a Royal Grant dating back the 1630’s), interests which were unbeknownst to the bridge developers at the time, which will significantly impact the client’s ability to load Post Panamax bunker carriers and render this use for the site unfeasible.
Retained to conduct ‘highest and best use’ study, inclusive of potential revenue streams, to be used by local appraiser in their valuation of the site, which was to be used in court.
THE NET RESULTS:
The maritime related impact on the value of the site was analyzed and presented in a way that it was readily understood by the client’s local appraiser and the court.