- 29 - record also contains a significant amount of evidence involving the area south of the intersection of Highway 280 and I-459. This corridor has indeed undergone significant commercial development over the years. Most notably, in this regard, was the development of the Bell property, which is contiguous to parcel A, and the large Colonnade complex located immediately across I-459 from parcel A. Respondent recognizes that the vast majority of this commercial development has occurred south of I- 459, but she points out that there are pockets of commercially developed land to the north of the I-459 intersection with Highway 280 as well. It is respondent's contention that the commercial development, so obviously apparent south of I-459, was continuing its northerly progression and that it was upon such conspicuous progression that Young and Hearn based their conclusions. In support of this assertion, respondent points to changes in the zoning classification of numerous parcels of real estate located north of the intersection of I-459 and Highway 280 that have occurred since decedent's death. Respondent places particular emphasis on several of these changes which occurred within a year of decedent's death. Respondent also cites the findings of Smyer and Scotch as support for her conclusion that Young and Dilmore correctly concluded that the highest and best use of parcel A was commercial in nature. Smyer and Scotch, two unaffiliated appraisers, were hired by Held and Dudley in 1979 to value thePage: Previous 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Next
Last modified: May 25, 2011