Towns denying rezoning may face developer suit | The Journal News | LoHud.com | LoHud.com

Towns and elected officials can end up in court when they resist developers who have sunk considerable time and money into obtaining and building on a prime parcel.

When Connecticut-based developers Summit Development/Greenfield Partners bought the iconic Reader’s Digest headquarters in 2004 for $59 million, they had grand plans. They envisioned putting up 348 age-restricted units, but neighborhood opposition — stemming from fears that the hamlet’s school district could be flooded with kids and its narrow roads congested with cars — made that a non-starter.

Read more at Towns denying rezoning may face developer suit | The Journal News | LoHud.com | LoHud.com.

Advertisements

About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s