Miami Property Owners Challenge Building Height Limits

Law360, Miami (October 23, 2013, 8:41 PM EDT) -- A group of Miami property owners filed suit Monday against the city, seeking more than $12 million in compensation for a loss in value they claim was caused by strict building height limits imposed by the city's zoning code.

The plaintiffs, who own 11 properties within the Miami Modern Biscayne Boulevard Historic District, filed their claims under a 1995 state law that allows property owners to challenge new state or local laws, rules, or governmental actions that “inordinately burden” their property.

The plaintiffs, led by Milano...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.