Texas High Court To Hear Developer's Buy-Back Row With City

Law360, Dallas (September 21, 2012, 11:09 PM EDT) -- The Texas Supreme Court on Friday agreed to hear the appeal of a developer that says the right to repurchase land is a property interest that can be the subject of a takings claim and alleges a Dallas suburb must compensate it after denying its right to buy back land intended for a city park.

El Dorado Land Co. had sold a tract of land to the city of McKinney, Texas, about 40 miles north of Dallas, with a deed restriction requiring that the property be...
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