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to the airport. TA2 was located closer to Lubbock's central
business district than the parcel of 30.3 acres, and therefore
Dr. Friedman applied a negative location adjustment of 50 percent
to TA2. TA3 was located on the access road to Loop 289 and was
much closer to Interstate 27 than the parcel of 30.3 acres. Dr.
Friedman, therefore, applied a negative location adjustment of 10
percent to TA3. TA4, located one-half mile from the parcel of
30.3 acres, had access to MLK but no frontage on Loop 289. Based
on these facts, Dr. Friedman applied a positive location
adjustment of 30 percent to TA4. We are convinced that the
adjustments Dr. Friedman made for location are appropriate,
except we believe that the adjustment to TA2 was excessive. We
believe that a negative adjustment to TA2 of 20 percent is more
appropriate. We shall use these location adjustments in order to
determine the value of the parcel of 30.3 acres.
Dr. Friedman also adjusted the comparables for size. He
applied a positive adjustment of 10 percent to TA3 because it was
approximately twice the size of the parcel of 30.3 acres and a
positive adjustment of 30 percent to TA1 because it was much
larger than the parcel of 30.3 acres. We are convinced that
these adjustments are reasonable and accept them in order to
determine the value of the parcel of 30.3 acres.
Dr. Friedman also made a "site" adjustment to TA2 because
TA2 was a pit. He applied a positive adjustment of 20 percent.
We are convinced that an upward adjustment is appropriate because
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