United States Ninth Circuit

Where a purchaser pays a premium for land based on a realistic expectation that water rights will attach to the land in the future, the purchaser may, upon the sale of the later acquired water rights, claim a cost equal to that of the premium.

Appellate Information

• Argued 04/11/2001
• Decided 08/20/2001
• Published 08/20/2001

Judges

• WILLIAM A. FLETCHER, Circuit Judge:, Before:  BEEZER, O'SCANNLAIN and W. FLETCHER, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Burgess J. Raby, Tempe, Arizona, for the petitioners-appellants.


• For Appellees:
  
• Patricia Bowman, U.S. Department of Justice, Washington, D.C., for the respondent-appellee.