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Monthly Archives: October 2015

Property rights and commerce collide when oil trains pass by p2

10/14/2015 | Real Estate Blog

Land use policy is — or should be — geared toward achieving the property’s highest and best use. The problem is that policymakers may disagree on what exactly the highest and best use is. Take Philly’s waterfront: At one time, factories and an enormous shipyard provided the most value to the landowners and the community. Over time, our understanding of value came to include the environmental toll and the noneconomic benefits of open spaces in a big city.