72 acres of submerged lands
could be leased and added to the total development.
Charlie Crist and the Florida Cabinet voted in November to authorize issuance of a long-term easement on state-owned submerged lands
to accommodate the undersea pipeline.
Dore, "Valuation of Submerged Lands," The Appraisal journal, (July 2001): 296-300.
The premise of this technique is that the ratio of the net rent of a dry land site to the net operating income (NOI) of the dry land improved property should be similar to the ratio of the net rent of a submerged land site to the NOI of the submerged land improved property.
Alaska State Senator John Torgerson has introduced a bill into the state legislature which would prohibit leases under the Right of Way Leasing Act on state-owned submerged lands
in the Beaufort Sea.
1] In order to accomplish this purpose, waterfront owners were permitted under the act to obtain title to submerged lands adjacent to their uplands by bulkheading, filling, or permanently improving the submerged lands.
1946), the court addressed the applicability of the Butler Act to extensive improvements the Fort Pierce Financing and Construction Company had made to its riparian uplands and the abutting submerged lands.
The MODU is the largest derelict vessel ever removed from state submerged lands
under authority granted to the Commissioner of the Texas General Land Office.
This potential use by private entities has generated the need for a method of valuing submerged lands by private entities for leasing purposes.
The methodology for submerged lands may be summarized as follows.