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In this caseand similar cases if the company isn't making improvements or upkeeping the land, then the University has a case.
However, if the company has been paying taxes and upkeeping the place then there they have a good case.
But with recent SC rulings my guess is the company will lose, as the university will claim, "they are adding to the community." The University though should pay fair market value for the land.
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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