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U.S. Const. amend. 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 ...
American railroad company Penn Central Transportation Company declared bankruptcy on June 21, 1970, two and a half years after its formation by the merger of the New York Central Railroad and the Pennsylvania Railroad. At the time, this was the largest bankruptcy in American history. [1] Penn Central was responsible for a third of the nation's ...
The Penn Central Transportation Company, commonly abbreviated to Penn Central, was an American class I railroad that operated from 1968 to 1976. Penn Central combined three traditional corporate rivals (the Pennsylvania, New York Central and the New York, New Haven and Hartford railroads), all united by large-scale service into the New York metropolitan area and (to a lesser extent) New ...
The "polestar" of regulatory takings jurisprudence is Penn Central Transp. Co. v.New York City (1973). [3] In Penn Central, the Court denied a takings claim brought by the owner of Grand Central Terminal following refusal of the New York City Landmarks Preservation Commission to approve plans for construction of 50-story office building over Grand Central Terminal.
Length. 11,640.66 miles (18,733.83 kilometers) (1926) The Pennsylvania Railroad (reporting mark PRR), legal name The Pennsylvania Railroad Company, also known as the " Pennsy ", was an American Class I railroad that was established in 1846 and headquartered in Philadelphia, Pennsylvania. At its peak in 1882, the Pennsylvania Railroad was the ...
Education and career. Born in Gardenville, Pennsylvania, Fullam graduated from Villanova University with a Bachelor of Science degree in 1942. From 1942 to 1948 Fullam served in the United States Navy Reserve. He received his Juris Doctor from Harvard Law School in 1948. From 1948 to 1960 he worked in private practice in Bristol, Pennsylvania.
City of Tiburon (1980) Lingle v. Chevron U.S.A. Inc., 544 U.S. 528 (2005), [2] was a landmark case in United States regulatory takings law whereby the Court expressly overruled precedent created in Agins v. City of Tiburon. [1] Agins held that a government regulation of private property effects a taking if such regulation does not substantially ...
In 1969, its rail assets were merged with the Penn Central system, [2] formed a year earlier by the merger of the New York Central Railroad and Pennsylvania Railroad. Already a poorly conceived merger, Penn Central went bankrupt in 1970, becoming the largest U.S. bankruptcy until the Enron Corporation superseded it in 2001.