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John Owned a Parcel of Land on Which He Wanted

question 27

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John owned a parcel of land on which he wanted to build an apartment building.However,his land is a swamp and he could not get a permit from the Army Corps of Engineers to drain the swamp.He had to buy a neighboring piece of land and build the apartment on that.Since he has been effectively deprived of being able to make any economically viable use of his property,his attorney suggests that he may be able to pursue a claim for regulatory taking and receive compensation from the government for the fair market value of the interest of his land.What is the basis for such a claim?


Definitions:

Balance Of Trade

A measure of the difference between exports from and imports into a country.

Disproportionately Higher

Significantly above the expected or average level, often used to describe quantities, values, or rates that far exceed what is normal or equitable.

Imports

Goods or services brought into one country from another for sale or use.

Quota

A direct limit on the number of goods that can be imported into or exported from a country

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