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  5. 571 F.Supp. 1269 (1983)
 

MATTER OF VAL. PRO. OF THE REG. RAIL REORG. ACT

Misc. No. 76-1.

571 F.Supp. 1269 (1983)

In the Matter of the VALUATION PROCEEDINGS UNDER §§ 303(c) AND 306 OF THE REGIONAL RAIL REORGANIZATION ACT OF 1973.

Special Court, Regional Rail Reorganization Act.

On Petition for Reconsideration September 20, 1983.

Attorney(s) appearing for the Case

Frazer C. Hilder, Cary W. Dickieson, Stephen C. Rogers, Howard M. Wilchins, Judith L. Walter, and Christopher J. O'Donnell, U.S. Ry. Ass'n, Washington, D.C., James V. Dolan, Steptoe & Johnson Chartered, Washington, D.C., Wilmer, Cutler & Pickering, Washington, D.C., Peter J. Carre, Washington, D.C., for U.S. Ry. Ass'n.

J. Paul McGrath, Asst. Atty. Gen., and Jane A. Restani, Director Commercial Litigation Branch, U.S. Dept. of Justice, Washington, D.C., G. Joseph King, U.S. Dept. of Transp., Washington, D.C., for U.S.

Stanley Weiss, John C. Heavey, Alexander Cohen, Dean R. May, and Edward Pikus, Carpenter, Bennett & Morrissey, Newark, N.J., for Cent. Jersey Industries, Inc.

Jack M. Zackin, Ravin, Katchen & Greenberg, Roseland, N.J., for John E. Farrell, receiver for The Lehigh & New England Ry. Co.

Before FRIENDLY, Presiding Judge, and WISDOM and THOMSEN, Judges.

Opinion on Valuation of the Central Railroad of New Jersey and the Lehigh & New England Railway for Nonrail Use

                        Table of Contents

I.     Introduction                                        1278
II.    CNJ's Perception Therory                            1280
III.   Real Estate                                         1284
       A. Base Value                                       1284
       B. Adjustments to Base Value...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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