In September, the government announced that the compulsory purchase order of Hastings Pier from its Panamanian owners could go ahead.
Richard Glover QC, appearing for the owners, argued that the minister's decision was flawed and the compulsory purchase order must be quashed.
The owner of a Grade II-listed Northamptonshire hotel under threat of a compulsory purchase order says he has applied for lottery funding.
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They dropped their objections in May and the Secretary of State has now granted a compulsory purchase order, allowing building to start.
It was transferred to the trust by Tonbridge and Malling Borough Council, who served a compulsory purchase order on its former owner in 2006.
It was transferred to the Vivat Trust by Tonbridge and Malling Council, which served a compulsory purchase order on its former owner in 2006.
The owners of the site, DreamlandLive and eight other parties, are appealing against a government decision to award a compulsory purchase order to Thanet council.
BBC: Margate Dreamland: Judgment reserved in High Court case
Compulsory purchase order letters have already been sent out to at least half the homeowners, while others could end up on an embankment overlooking the rail line.
On Sunday, MP for North Thanet Roger Gale welcomed the decision to approve the compulsory purchase order, saying the theme park had been a blight on Margate seafront for "far too long".
Liberal Democrats on the council are urging it to use its powers to force the owners to improve the site, citing its own survey which showed overwhelming support for a compulsory purchase order (CPO).
Mr Chapman also said legal work was currently under way to push through a compulsory purchase order, so ownership of the pier would first transfer to Hastings Council and then the trust early next year.
In a survey of local residents conducted by the Liberal Democrats, 92% said they thought the Conservative-led council should already have put a Compulsory Purchase Order (CPO) on the site to get a redevelopment under way.
Richard Glover QC, appearing for the site owners, told Judge Sycamore that if the compulsory purchase order (CPO) threat was lifted, the claimants intended to bring forward development proposals that would be "of significantly greater benefit to Margate than the CPO scheme".
BBC: Margate Dreamland: Judgment reserved in High Court case
He says that his association has been trying to get approval for a compulsory-purchase order for more than three years.
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