State Ex Rel. Miller v. Gannett Outdoor Co. of Arizona, Inc.

OPINION

VOSS, Presiding Judge.

The sole issue on appeal is whether a lessee’s expectation of continued lease renewals is a compensable property interest when the underlying land is taken by the state. For the reasons below, we affirm the trial court’s finding that it is not com-pensable.

Background

The facts are undisputed. Pursuant to a written agreement, appellant Gannett Outdoor Company of Arizona (Gannett) leased property from the Salt River Project Agricultural Improvement & Power District (SRP), on which Gannett maintained a sign structure. The original lease term was for three years ending…