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Property Keyed to Saxer
Penn Central Transportation v. City of New York
Citation:
438 U.S. 104 (1978).
ProfessorTodd Berman
CaseCast™ – "What you need to know"
Facts
In 1965, the Defendant, the City of New York, passed the Landmarks Preservation Law which allowed the Defendant to designate specific neighborhoods and buildings as historic landmarks. The Plaintiff, Penn Central Transportation Co., owned Grand Central Terminal. Under the preservation law, Grand Central Terminal was designated a landmark in 1967. A year later, the Plaintiff and its lessee requested to build an office building above the terminal. The Defendant’s Landmarks Preservation Commission rejected two different proposed plans for the office building. The Plaintiff filed suit against the Defendant claiming a taking without just compensation.
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