Texas High Court Kills Landowner's $70M Takings Claim

Law360, Houston (August 31, 2012, 8:54 PM EDT) -- Texas’ high court on Friday nixed a landowner’s bid for up to $70 million from the state after the federal government denied it a permit to sell wetland mitigation credits and the state subsequently designated portions of the land as a protected water source.

The Texas Supreme Court held that the decision by the U.S. Army Corps of Engineers to deny a federal mitigation permit to Hearts Bluff Game Ranch Inc., and the state’s later designation of a large reservoir that surrounded the land as a...
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