Barnes, A. J., Perry, J. E., Stemler, A., Haugh, T., & Prenkert, J. D. (2021). Loose Leaf for Business Law. McGraw-Hill Education.

This Question comes from Problems and Cases at the end of Chapter 3 of the above book. The Chapter is on Business and the Constitution.

Question # 10

While it was preparing a comprehensive land use plan in the area, Tahoe Regional Planning Agency (TRPA) imposed two moratoria on development of property in the Lake Tahoe Basin. The Moratoria together lasted 32 months. A group of property developers affected by the moratoria filed suit in federal court alleging that the moratoria constituted an unconstitutional taking without just compensation. Were the developers correct?