A court ruling grants the Santa Clara Valley Transportation Authority (VTA) the right to acquire a crucial downtown San Jose property necessary for a future BART station. The jury valued the site at $10.3 million. This case involved disputes over the property's valuation, with the VTA estimating it at $8.9 million and the owner, Green Valley Corp., estimating it at $17.4 million. After the jury's ruling, Green Valley's request for a retrial was denied, allowing the VTA to proceed with the property purchase related to transit expansion efforts.
The jury valued the property at $10.3 million, while Green Valley claimed it was worth $17.4 million, highlighting the disparity in valuation between the parties involved.
Judge Manoukian denied Green Valley's request for a new trial, indicating a significant judicial affirmation of the jury's valuation and paving the way for the VTA's acquisition.
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