Town in Fukushima demands 19.2 billion Yen in compensation for lost real estate

The town of Futaba, which fell within the exclusion zone around the Fukushima nuclear plant, is demanding 19.2 billion Yen (234 million USD) in compensation from TEPCO for the loss of use of the town’s real estate.

The town is claiming damages for loss of use to town-owned land, government buildings and schools. There are a total of 51 unusable buildings that were mentioned in the claim. A representative from TEPCO said this was the first time they received a real estate related claim from a town or city.

The value of the claim was derived from the value of the properties prior to the nuclear disaster, and land was valued at 90% of pre-disaster levels. The town also included the costs to evacuate and relocate to their temporary location in Saitama Prefecture.

Source: The Nikkei Shimbun, March 9, 2012.