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NEWARK HOUSING AUTHORITY v. RICCIARDI

176 N.J. Super. 13 (1980)

422 A.2d 78

HOUSING AUTHORITY OF THE CITY OF NEWARK, A BODY CORPORATE AND POLITIC, PLAINTIFF-RESPONDENT, v. GIRETTA RICCIARDI, WIDOW, ROBERT RICCIARDI AND GEMMA RICCIARDI, H/W, WALTER RICCIARDI AND GIRETTA A. RICCIARDI, H/W, CHRISTINA M. KEGLEY AND JAMES A. KEGLEY, H/H, AND JOSEPH RICCIARDI, JR., SINGLE, AND 240 PRINCE STREET CORPORATION, DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided October 8, 1980.

Attorney(s) appearing for the Case

Cerreto & La Penna, attorneys for appellants (Michael A. Cerreto on the brief).

Emil W. Nardachone, General Counsel, Housing Authority of the City of Newark, attorney for respondent (Richard C. Lawten on the brief).

Before Judges ALLCORN, KOLE and PRESSLER.

The opinion of the court was delivered by PRESSLER, J.A.D.

The appeal before us in this condemnation case raises an important issue regarding the appropriate date for the valuation of real property located within an area which had been declared blighted but which was not included in any initial redevelopment plan for the area. More specifically, the question here is whether, where the value of such a parcel has declined...

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