22-2. Zoning. The county intends to rezone an area from industrial use to residential use. Land within the affected area is largely undeveloped, but nonetheless it is expected that the proposed action will reduce the market value of the affected land by as much as 50 percent. Will the landowners be successful in suing to have the action declared a taking of their property, entitling them to just compensation? Why or why not? (See Land-Use Control and Zoning.)
22-2. Zoning. The county intends to rezone an area from industrial use to residential use. Land within the affected area is largely undeveloped, but nonetheless it is expected that the proposed action will reduce the market value of the affected land by as much as 50 percent. Will the landowners be successful in suing to have the action declared a taking of their property, entitling them to just compensation? Why or why not? (See Land-Use Control and Zoning.)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter16: Government Regulation
Section: Chapter Questions
Problem 9E
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