Two St Ann homeowners have lost their bid for a larger payout after the Supreme Court upheld a $12-million compensation award for property acquired by the Government to facilitate the construction of Phase 2A of the Highway 2000 project.

Morvick Hyde and Sheridene Drummond-Hyde had objected to the award, seeking compensation based on a valuation that estimated their Phoenix Park property at approximately $16.48 million.

However, Justice Kirk Anderson last month ruled that they failed to provide admissible evidence to support their claim that the property was worth significantly more than the amount awarded following its compulsory acquisition. The court sided with the Commissioner of Lands, who brought the matter for the determination of compensation.