The United States Supreme Court heard oral arguments today in Koontz v. St. Johns River Water Managment District. A landowner in central Florida sought a permit to develop his property. The Water Managment district required him to set aside 11 out of his 14.9 acres for conservation and pay for improvements on state owned land several miles away from his property that would have cost between $10,000 and $150,000. The landowner refused and was denied a permit to develop his property. He sued claiming that the refusal to issue a permit constituted a taking without just compensation under the 5th Amendment.
Transcript of Oral Arguments: http://www.supremecourt.gov/oral_arguments/argument_transcripts/11-1447.pdf