Sorenson v. State Ex Rel. Department of Highways

OPINION

By the Court,

Thompson, J.:

In 1965 appellant Sorenson purchased a 7000 square foot parcel of real estate adjacent to a proposed freeway route— Interstate 15 — -in Las Vegas. The following year the state condemned, and purchased for a nominal sum, 42 square feet of the Sorenson land.

Thereafter, in June 1966, Sorenson negotiated a lease agreement with Las Vegas Outdoor Adveristing for a billboard type sign to be placed on the freeway frontage portion of the remaining land. The lease, which was for 15 years with a 5 year option, provided for rental payments of $500.00 per month, to…