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CASINO CRUISES v. CAPITOL LAKE PROPERTIES

No. 2002 CA 0364.

845 So.2d 447 (2003)

LOUISIANA CASINO CRUISES, INC., d/b/a Casino Rouge and Its Parent Corporation Penn National Gaming, Inc. v. CAPITOL LAKE PROPERTIES, INC.

Court of Appeal of Louisiana, First Circuit.

February 14, 2003.

Attorney(s) appearing for the Case

Freddie Pitcher, Jr., Rebecca B. Crawford, Baton Rouge, Counsel for Plaintiffs/Appellants La. Casino Cruises, Inc. d/b/a Casino Rouge and its parent corporation Penn National Gaming, Inc.

Richard Mary, Melvin "Kip" Holden, Baton Rouge, Counsel for Defendant/Appellee Capitol Lake Properties, inc.

Before: FOIL, McCLENDON, and KLINE, JJ.

WILLIAM F. KLINE JR., J Pro Tem.

Plaintiffs-Lessees appeal the trial court's finding of defendant-lessor's "reasonableness" in denying consent to a leasehold mortgage. For the following reasons, we affirm.

FACTS AND PROCEDURAL HISTORY

In June 1993, Capitol Lake Properties, Inc. ("CLP"), the owner of a certain tract of land on the Mississippi River in Baton Rouge, entered into a Ground Lease Agreement ("Lease") granting a lease thereon to Louisiana...

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