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MATTER OF TOWN OF ISLIP

48 A.D.2d 699 (1975)

In the Matter of The Town of Islip, Appellant, Relative to Acquiring Title to Real Property Duly Selected as a Site for Municipal Purposes in The Hamlet of Islip. Harrison Ventures, Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 27, 1975

Order and decree affirmed, with costs.

Upon the trial of this proceeding, the two opposing experts each based their differing valuations on two distinct methods of appraisal, namely, reproduction cost less depreciation and the economic or income-capitalization method. The trial court accepted the former method, rejecting the latter method on the ground that the experts reached their conclusions on the basis of the cost approach...

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