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11 Dec 2017, 4:00 pm
On appeal, the Iowa Supreme Court reversed the district court and held that (1) by allowing the properties to become abandoned, Cahalan Investments, LLC had no present intent to retain its constitutionally protected interest in the property and that (2) there was no unconstitutional taking because Cahalan Investments, LLC’s “bundle of rights” at the time the properties were acquired was subject to existing nuisance and forfeiture law. [read post]