Concerns valuation of property condemned for dune construction or beach replenishment.

This bill (S 466) modifies New Jersey's eminent domain law to ensure beachfront property owners receive fair compensation when their land is taken for dune construction or beach replenishment projects. It requires that compensation include the increased property value from added safety and protection provided by the dunes or replenished beach, rather than just the value lost from the condemned portion. The bill also clarifies that public access rights gained through these projects cannot be used to reduce the overall property value for compensation purposes. These changes apply immediately to all ongoing cases and aim to better reflect the true economic impact on property owners.