Penn Central Transportation Co. v. New York City
1978 United States Supreme Court case / From Wikipedia, the free encyclopedia
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Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978), was a landmark United States Supreme Court decision on compensation for regulatory takings.[1] Penn Central sued New York City after the New York City Landmark Preservation Commission denied its bid to build a large office building on top of Grand Central Terminal. The Supreme Court ruled in the city's favor.
Quick Facts Penn Central Transportation Co. v. New York City, Argued April 17, 1978 Decided June 26, 1978 ...
Penn Central Transportation Co. v. New York City | |
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Argued April 17, 1978 Decided June 26, 1978 | |
Full case name | Penn Central Transportation Company, et al. v. New York City, et al. |
Citations | 438 U.S. 104 (more) |
Case history | |
Prior | Appeal from the Court of Appeals of New York |
Holding | |
Whether a regulatory action that diminishes the value of a claimant's property constitutes a "taking" of that property depends on several factors, including the economic impact of the regulation on the claimant, particularly the extent to which the regulation has interfered with distinct investment-backed expectations, as well as the character of the governmental action. | |
Court membership | |
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Case opinions | |
Majority | Brennan, joined by Stewart, White, Marshall, Blackmun, Powell |
Dissent | Rehnquist, joined by Burger, Stevens |
Laws applied | |
U.S. Const. amend. V |
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