Property Law Keyed to Dukeminier
Palazzolo v. Rhode Island
Facts
The majority of the property in question consisted of wetland, salt water marsh that needed serious fill and draining work to be suitable for any construction. Seven years prior to the Petitioner’s personal possession of title, the majority of the property was designated a coastal wetland by the Coast Resources Management Council. However, Petitioner’s corporation, of which petitioner was the sole shareholder, had invested in the property in 1959, prior to the enactment of the wetlands regulations. The regulations promulgated by the Council designated the marsh areas to be protected coastal wetlands. Undisputed evidence showed one of the Petitioner’s upland parcels of property continued to have a $200,000 development value although the remaining portions of property had become protected wetlands.
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