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Real Estate & Property Law

: Law of the Land

NY Court Reverses Jury Award of $1.6M for Partial Regulatory Taking Due to Erroneous Jury Instruction on the Economic Impact Factor under Penn Central

By Patty Salkin

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In 1985 the plaintiff purchased two parcels of property with the intention of building shopping plazas, an allowable use at the time.  In 1987 the Town enacted a moratorium on new commercial development in certain areas while it reviewed and updated its master plan. Following this review, the Town changed the zoning on numerous parcels, [...]

Full post as published by Law of the Land on February 19, 2008 (boomark / email).

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