The moratorium was aimed at preventing further damage to Lake Tahoe, which has deteriorated over the past 40 years due to the development of the Lake Tahoe Basin.
Fed up with paying property taxes on land that they cannot use, property owners in the 1980s filed a lawsuit for reimbursement for damages due to the original 32-month ban on construction. They argued that, even though it was a temporary ban, the government agency is responsible for losses caused by an unconstitutional ban on property development.
The battle for reimbursement finally made its way to the U.S. Supreme Court, which just rendered its decision. The court voted 6 to 3 to deny the property owners any payment for damages for the 32-month construction ban, because the ban was "temporary."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
