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Citation22 Ill.439 U.S. 883, 99 S. Ct. 226, 58 L. Ed. 2d 198 (1978) Brief Fact Summary. Penn Central (Appellant) owned the Grand Central Terminal, which was designated by application of New York’s Landmarks Preservation Law to be a landmark. Thereafter, the Appellant entered into a renewable 50-year lease with UGP Properties, Ltd., a United.
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New York (1978) Penn Central Transportation Co. v. City of New York is a landmark case in constitutional law regarding regulatory takings. The Court’s decision established a multi-factor test for determining when a government regulation amounts to a compensable taking under the Fifth Amendment. It recognized that reasonable historic ...
Penn Central contracted with UGP to allow UGP to construct a multistory office building above the terminal. UGP promised to pay $1M for each year of construction and $3M for each year thereafter. Penn Central and UGP then applied to the commission for permission to construct the office building. The first plan (Breuer I) was rejected since the ...
The case concerns whether New York City's Landmarks Preservation Law violates the Fifth and Fourteenth Amendments by taking owners' property without just compensation. The law designates properties and areas with special historical or aesthetic value as landmarks or historic districts, and owners are required to maintain the exterior features ...
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22 mar 2024 · Penn Central sued New York City in New York Supreme Court, alleging a violation of the Fifth and Fourteenth Amendments due to the Landmarks Preservation Law. The trial court granted injunctive relief but did not address damages for a ‘temporary taking.’. The Appellate Division reversed the decision, focusing on whether Penn Central could ...
