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

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.