(Reuters) - In a victory for advocates of private property rights, the U.S. Supreme Court on Tuesday said a Florida property owner may be owed compensation from a government agency that declined to award him a development permit for his land.
In a 5-4 ruling with the court's five conservative justices in the majority, the court said Coy Koontz could pursue a property rights claim against the St. Johns River Water Management District.
The legal issue was whether the agency's action constituted a "taking" subject to compensation, under the so-called takings clause of the Fifth Amendment of the U.S. Constitution.
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