Almota Farmers Elevator & Warehouse Co. v. United States

Mr. Justice Rehnquist, with whom The Chief Justice, Mr. Justice White, and Mr. Justice Black-mun join,

dissenting.

Petitioner is entitled to compensation for so much of its private “property” as was taken for public use. *481The parties concede that petitioner's property interest here taken was the unexpired portion of a 20-year lease on land owned by the Oregon-Washington Railroad & Navigation Co. near Colfax, Washington. The Court recognizes the limited nature of petitioner’s interest in the real property taken, but concludes that it was entitled to have its leasehold and improvements valued in…