Sally Owns 50 Acres of Vacant Land near a Large

Essay

Sally owns 50 acres of vacant land near a large growing university.Sally is elderly and is planning to move out of town to live near her children.Sally plans to donate most of this land to the university in order to build badly needed dorms.She wants to sell a portion of the land,and finds someone who is interested in building a small shopping center.Because the university plans to build housing for about 5,000 students,a shopping center would certainly be successful.Bob purchases the land and begins building the shopping center.Sally showed Bob the agreement that she was entering into with the university regarding the donation of the land.It stated that the university would use the land only for building dorms and that there would be dorms housing 5,000 students within five years.The university built two high-rise dorms and then came under criticism from the local community fearing that 5,000 students would be too many in that space.In addition,revised projections showed a lower rate of enrollment growth in the coming years.The university decided to build housing for only 2,000 students on this land.In addition,they built 1,000 additional units on another parcel of land on the other side of campus.Bob's shopping center is unable to attract tenants because there are not enough potential customers nearby.It is known that he would have no trouble attracting tenants if the housing for all 5,000 students was built on the adjoining land.Bob feels the university has wronged him.Who can he sue and on what basis? If he cannot sue either Sally or the university,indicate why not.