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LAND ASSOCIATES v. METROPOLITAN AIRPORT AUTHORITY

No. 82-5600.

712 F.2d 248 (1983)

LAND ASSOCIATES, A limited partnership and Airport Land, Inc., A General Partnership, Plaintiffs-Appellants, v. METROPOLITAN AIRPORT AUTHORITY and the Metropolitan Government of Nashville and Davidson County, Tennessee, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided July 25, 1983.

Attorney(s) appearing for the Case

Joseph L. Lackey, Jr., Nashville, Tenn., for plaintiffs-appellants.

Larry Stewart, Peter Currey, David T. Hooper, Michael Miller (argued), Nashville, Tenn., for defendants-appellees.

Before EDWARDS, Chief Circuit Judge, ENGEL, Circuit Judge and BERTELSMAN, District Judge.

PER CURIAM.

In this case a group of land speculators, knowing that the Metropolitan Airport Authority might well have need for a particular tract of land adjacent to the site of the airport, purchased 35 acres of land for the sum of $6,000 per acre in 1970 with the expectation that they would ultimately sell it to the airport at a greatly augmented price. They succeeded in this ambition but not in accordance with its outer limits.

The Metropolitan Airport...

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