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Assessment Review Board confirms nominal $100 per acre valuation for unmarketable, likely contaminated industrial lands.
The City of Hamilton appealed the Municipal Property Assessment Corporation's (MPAC) assessment of a steel manufacturing property owned by Stelco Inc. The sole issue was the current value of 411.6 acres of unused residual lands.
MPAC assessed the lands at a nominal value of $100 per acre due to the likelihood of environmental contamination and lack of market interest, while the City argued for a value of $125,000 per acre based on comparable sales of uncontaminated industrial lands.
The Assessment Review Board accepted MPAC's evidence that the lands were unmarketable due to contamination concerns and confirmed the nominal assessment value.
Action for expropriation compensation dismissed because an unpatented mining claim is not land.
The plaintiff staked unpatented mining claims on Crown land where the Ministry of Transportation (MTO) planned to build a realigned highway.
The plaintiff subsequently applied for aggregate permits, which were delayed and limited due to the highway construction.
The plaintiff brought an action claiming the MTO expropriated the property and sought compensation for the lost aggregate value.
The Superior Court of Justice dismissed the action, finding that an unpatented mining claim is not 'land' under the Expropriations Act.
The court further held that even if it were land, the claims had no value because the plaintiff could not have obtained an aggregate permit for the entire property, and the property was not wrongfully downzoned.