Primetime Hospitality, Inc. v. City of Albuquerque

OPINION

CHAVEZ, Chief Justice.

{1} Primetime Hospitality, Inc. (Prime-time) had begun constructing a hotel on its Albuquerque property when it accidentally ruptured an encroaching City of Albuquerque (the City) waterline, causing it to incur excess construction costs and delaying the hotel’s opening. The City stipulated to liability for inverse condemnation, admitting that it deprived Primetime of all use and enjoyment of its property for the duration of the taking. As the issue of liability is not before us, the only question we must address is whether Primetime’s lost profits and excess…