Section 4.2.1.4
4.2.1.4. All Available Economic Uses.Compensation “is to be arrived at upon just consideration of all the uses for which [a property] is suitable.”228 As the Supreme Court stated in Olson v. United States, “[t]he highest and most profitable use for which the property is adaptable and needed or likely to be needed in the reasonably near future is to be considered . . . .”229 That use must be considered “to the full extent that the prospect of demand for such use affects the market value while the property is privately held.”230 As discussed in Section 4.3, in valuations for just compensation purposes, only profitable—i.e., economic—uses can be considered.231 Nonmarket considerations such as value to the public “afford[ ] no just criterion for estimating what the owner should receive” and must be disregarded.232