Abstract
Abstract The U.S. Supreme Court decision in Penn Central Transportation Co. v. New York City, 98 S. Ct. 2646 (1978), 30 ZD 434, is justly celebrated. The case arose from New York City's efforts to preserve a famous historic landmark by blocking the construction of an office tower on top of Grand Central Terminal. The Court's rejection of the company's “takings” claim represents one the most famous government victories in the annals of land-use law. And the decision articulated several principles that have turned out to have enduring significance in regulatory takings doctrine.
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