City of Austin v. John Cannizzo

Summary

The Texas Supreme Court reversed and remanded the condemnation case, holding that the jury instructions on market value and intrinsic value were erroneous and not harmless, and that evidence of prospective commercial use may be admitted despite zoning restrictions. The Court also clarified that market value is the willing‑buyer‑willing‑seller price, not limited to a prevailing price, and may consider reasonably probable future uses.