Midtown Ventures, LLC v. Capone
Annotate this CaseThe case revolved around a disagreement over a parking agreement related to a property owned by Midtown Ventures, LLC ("Midtown"). In 1999, restaurant owners Thomas and Teresa Capone ("the Capones") agreed with the Idaho Youth Ranch to allow the Capones’ customers to park in the Idaho Youth Ranch’s adjoining lot. In 2008, a group of nonprofit organizations, including the Capones and the Idaho Youth Ranch, signed an agreement to relocate the parking area to accommodate a proposed workforce housing project. However, the 2008 Agreement was not finalized, and the project was eventually abandoned. In 2018, Midtown purchased the Idaho Youth Ranch property and attempted to enforce the 2008 Agreement to relocate the parking area, but was unsuccessful. Midtown then sued the Capones for breach of contract and specific performance. The district court granted summary judgment in favor of the Capones, concluding that Midtown lacked standing to challenge the 2008 Agreement and that the agreement was unenforceable. On appeal, the Supreme Court of the State of Idaho affirmed the lower court's decision, agreeing that the 2008 Agreement was merely an "agreement to agree" and not an enforceable contract. The court also held that Midtown had standing to bring the suit as a property owner, but failed to show that the 2008 Agreement was a valid or enforceable contract. It also found that Midtown waived its challenge to the district court’s evidentiary rulings and its argument that the district court erred in denying the equitable remedy of promissory estoppel. The Court concluded that the Capones are entitled to attorney fees on appeal.
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