group of 7 homeowners have challenged the compensation amount determined by the City’s formula in a lawsuit

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Case Write-up (4-5 pages) The City decided to compensate all properties using a standard formula of $2500 + $15 per sq ft of frontage area lost. A group of 7 homeowners have challenged the compensation amount determined by the City’s formula in a lawsuit. In addition to the loss of property, these homeowners believe that traffic will increase by 25%. The City has asked Canning to develop a recommendation for an appropriate settlement offer. As Canning, write a technical report to the city recommending an appropriate settlement. Your report should present the development and evaluation of a data-driven strategy for valuing the lost property for each homeowner.

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