Sunday, July 07, 2013

Should homeowners be paid for losing ocean views? Top N.J. court to decide | NJ.com

Should homeowners be paid for losing ocean views? Top N.J. court to decide | NJ.com
"New Jersey's top court is ready to make its ruling on whether homeowners should be compensated for losing ocean views when dunes are built. The state Supreme Court announced today that it will issue an opinion Monday in the case of a Long Beach Island couple who sued and won $375,000 to make up for the view they lost when their town built a dunes. The town, Harvey Cedars, appealed, saying that a house protected from a flood is more valuable than one that is not."
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Interesting takings case from New Jersey. Did the city make the property more valuable, or take value from it?

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