The court of appeals affirmed the trial court's judgment in this condemnation case, holding that the grantor's retained right to purchase real property on the occurrence of a future event was not a compensable property interest. Both the possiblity of reverter and the right of re-entry are future interests in real property, and Leeco recognizes that a future interest in real property is compensable under the Takings Clause. The court of appeals' judgment is reversed and remanded to the trial court. Texas Supreme Court, No. 11-0834, 03-29-2013.
El Dorado Land Company L.P. v. City of McKinney
Tx. Sup. Ct.
April 3, 2013