United Airlines, Inc. v. Pappas

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “The income capitalization approach is used when the property is most valuable as rental property.”
• appraiser erred when he \failed to consider market data in calculating the appraised value\ (emphasis added)
• appraiser erred when he “failed to consider market data in calculating the appraised value” (emphasis added)
• though “rental of an airport terminal may be considered property of special use,” sales comparisons were available, and thus it was error to rely on reproduction cost method over sales comparison approach
• airline appraiser \acknowledged that leases with other airlines existed at O'Hare Airport\ so as to support conclusion that \leasehold interest is not so unique as to not be salable and for which no market exists\
• airline appraiser “acknowledged that leases with other airlines existed at O’Hare Airport” so as to support conclusion that “leasehold interest is not so unique as to not be salable and for which no market exists”

Source: CourtListener parenthetical corpus (CC0).