Texas High Court Allows Takings Claim Over Buyback Right

Law360, Dallas (March 29, 2013, 2:26 PM EDT) -- The Texas Supreme Court on Friday said that an option to repurchase real estate after it’s been conveyed to the government is a compensable property interest, allowing developer El Dorado Land Co. LP to pursue an inverse condemnation claim against the city of McKinney.

The court said El Dorado, which in 1999 conveyed a tract of land to the city for $150,000, subject to the condition that the property would be used for a park, had a right of re-entry to the property that could be...
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