strategic value
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 229 U.S. 53 - United States v. Chandler-Dunbar Water Power Co. · 1913Most cited · 965 citing opinions
A 'strategic value' might be realized by a price fixed by the necessities of one person buying from another, free to sell or refuse, as the price suited. But in a condemnation proceeding, the value of the property to the government for its particular use is not a criterion. The owner must be compensated for what is taken from him; but that is done when he is paid its fair market value for all available uses and purposes.