Penn Central Transportation Co. v. New York City

Penn Central Transportation Co. v. New York City
Supreme Court of the United States
Argued April 17, 1978 Decided June 26, 1978
Full case name	Penn Central Transportation Company, et al. v. New York City, et al.
Citations	438 U.S. 104 (more) 98 S. Ct. 2646; 57 L. Ed. 2d 631; 1978 U.S. LEXIS 39; 11 ERC (BNA) 1801; 8 ELR 20528
Case history
Prior	Appeal from the Court of Appeals of New York
Holding
Whether a regulatory action that diminishes the value of a claimant's property constitutes a "taking" of that property depends on several factors, including the economic impact of the regulation on the claimant, particularly the extent to which the regulation has interfered with distinct investment-backed expectations, as well as the character of the governmental action.
Court membership
Chief Justice Warren E. Burger Associate Justices William J. Brennan Jr. · Potter Stewart Byron White · Thurgood Marshall Harry Blackmun · Lewis F. Powell Jr. William Rehnquist · John P. Stevens
Case opinions
Majority	Brennan, joined by Stewart, White, Marshall, Blackmun, Powell
Dissent	Rehnquist, joined by Burger, Stevens
Laws applied
U.S. Const. amend. V

Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978), was a landmark United States Supreme Court decision on compensation for regulatory takings.^[1] Penn Central sued New York City after the New York City Landmark Preservation Commission denied its bid to build a large office building on top of Grand Central Terminal. The Supreme Court ruled in the city's favor.