Alaskan Community Considers Property Value Compensation Measure

A measure on the Alaskan ballot this October could require a local government to compensate landowners if new land use regulations hurt property values -- a measure similar to Oregon's controversial Measure 37 that is meeting similar resistance.

"An anti-government measure similar to one that has tied the state of Oregon in knots is on the Matanuska-Susitna Borough election ballot Oct. 2."

"Proposition 1 says that property owners must be compensated if a new land use regulation reduces the fair market value of their property. If the town or borough government can't or doesn't want to pay, the government can waive the new rule."

Full Story: Valley measure could cripple Mat-Su government

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00