Booker T. Washington Construction & Design Co. v. Huntington Urban Renewal Authority

NEELY, Justice:

The City of Huntington sold a parcel of city land to the Huntington Urban Renewal Authority so the latter could redevelop the property for residential use under a federal low interest loan program. The City sold this land by a general warranty deed for one dollar. 1 The Authority executed an agreement to sell the land to the plaintiff/appellee, the Booker T. Washington Building Construction & Design Company, so the latter could improve the property and sell it to a private homeowner. The construction company built a residence but was unable to sell the property to its…