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by sdnlafkjh34rw 2362 days ago
Yea except your math is wrong. You include the value of the beach in X which represents what Khosla owns even though he doesn't own the beach. Even Khosla wasn't arguing he owned the beach. So you magically inflated the X by a huge amount which makes the valuation off (even though this isn't even a real valuation).

Eminent domain would compensate Khosla on the market value of the road land value. It has nothing to do with the beach. The beach is owned by the public. No legal team on either side is arguing that. The legal case is about easements (i.e. access).

Why don't you share your comparable analysis or discount cash flow model to see what that road easement actually is worth since you seem believe pretty strongly in the valuation. I'm really curious to how you think a narrow strip of land that is for the easement is worth $30 million given recent land sales in similar areas.