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Loss of Going Concern <br />^ Prior Law <br />~ Limited <br />instances and <br />need by owner <br />to prove they <br />could not <br />relocate the <br />business <br />^ New Law <br />Requires acquiring authority to <br />compensate for it unless they can <br />show by preponderance of evidence <br />that: <br />1) The loss is not caused by the taking of the <br />property <br />2) That the loss can be reasonably prevented <br />by relocating the business <br />3) Going concern compensation would <br />duplicate compensation otherwise being <br />awarded <br />Owner must give authority notice of <br />intent to seek compensation within <br />60 day of first court hearing (public <br />purpose) <br />Things No Longer <br />Allowed <br />^ Condemning Tenant Leases <br />~ Unless property meets blight test <br />^ Friendly Condemnation <br />~ Why important <br />18 <br />