Final answer:
The university may have the authority to take your property through eminent domain for public use, but they must provide just compensation. They would need to demonstrate the need for additional parking and the positive impact it would have. If successful, you would be entitled to fair compensation based on the market value of the property.
Step-by-step explanation:
The university may have the authority to take your property through a process called eminent domain. Eminent domain allows the government, including public universities, to acquire private property for public use as long as they provide just compensation. In this case, the university wants to turn your property into a parking lot for the crowds attending the games.
However, the university must follow certain legal procedures and demonstrate that the taking of your property is necessary and serves a legitimate public purpose. They would need to provide evidence of the need for additional parking and the positive impact it would have on the university and the community.
If the university successfully demonstrates these factors, they would be required to provide you with just compensation for the value of your property. Just compensation is typically determined through fair market value, which means the university would need to pay you a fair price based on the current market value of similar properties in the area.