Wetlands Regulation and the Law of Regulatory Takings
Talk about wetlands preservation today and you may soon be talking about private property and takings. The reason is simple enough: while the need for wetlands preservation is widely conceded, many are privately owned—in the case of the federal wetlands permitting program, almost 75% of the covered acreage in the lower 48 states. When a wetland owner is denied a permit to develop property (or offered a permit with very burdensome conditions), its value may drop substantially.