Mammoth Lakes Land Acquisition, LLC v. Town of Mammoth Lakes

Opinion

NICHOLSON, J.

Defendant Town of Mammoth Lakes (the Town) entered into a development agreement with Terrence Balias to make improvements at the Town’s airport and to build a hotel or condominium project at the airport. Balias would initially lease the land for the hotel/condominium project but would later have the option to purchase it. Plaintiff Mammoth Lakes Land Acquisition, LLC (Developer), later acquired from Balias the right to build the hotel or condominium project.

The Town eventually changed its priorities and no longer wanted the hotel/condominium project. The Town sought help…