Highlands Agency Didn't Shortchange Developer: NJ Court

Law360, New York (April 9, 2013, 6:29 PM EDT) -- The agency that oversees New Jersey's environmentally sensitive Highlands region didn't lowball the development rights of a landowner that once envisioned as many as 567 market-rate homes by refusing to credit the project's planned inclusion in a sewer service area, the state's Appellate Division ruled Tuesday.

By statute, the New Jersey Highlands Water Protection and Planning Council has to calculate the value of credits for development rights based on state Department of Environmental Protection rules and regulations just before the August 2004 enactment of the Highlands...
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