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.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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