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Public Interest Value

Government agencies buy real estate for parks, schools, and other usesIf a city buys a commercial parcel for a park, is that the value of park property"?Agencies and NGO's buy property for conservation and preservationIf TPL or TNC buys a potential development site to preserve it, is that the va

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Public Interest Value

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    2. Public Interest Value “A general term covering a family of value concepts that relate the highest and best use of property to noneconomic uses. Public interest value is driven by social, political, and public policy goals.” (The Appraisal of Real Estate, 13th Edition - 2008) “A general term covering a family of value concepts that relate the highest and best use of property to noneconomic uses such as conservation and preservation . . .” (The Dictionary of Real Estate Appraisal, Fourth Edition - 2002)

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