Brief Fact Summary. Penn Central, one of New York’s most famous buildings, was French breuax-arts style and a feet of engineering in midtown Manhattan. Developers leasing Penn Central sought to build a multistory office building above the station. A zoning ordinance for the preservation of landmarks had prevented construction.
Synopsis of Rule of Law. An ordinance restricting a landmark owner from exploitation of certain property interests was not invalid for failure to provide just compensation, where an existing and reasonably profitable use of the building remained unaffected.