A Kentucky landowner paid $800,000 in 1998 for two acres beside the Ohio River despite floodplain rules adopted a year earlier; after never seeking a floodplain variance, it lost its compensation appeal in 2026
- Representative Image (AI-generated)Buying land for development can involve risks that are not immediately visible, particularly when local regulations restrict how a property can be used.
- A Kentucky landowner that purchased a two-acre tract along the Ohio River for $800,000 in 1998 has lost its appeal seeking compensation over floodplain restrictions that it claimed prevented the planned development.
- The dispute centred on floodplain regulations introduced by local authorities in 1997, which limited construction in certain areas considered vulnerable to flooding.
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- Representative Image (AI-generated)Buying land for development can involve risks that are not immediately visible, particularly when local regulations restrict how a property can be used.
- A Kentucky landowner that purchased a two-acre tract along the Ohio River for $800,000 in 1998 has lost its appeal seeking compensation over floodplain restrictions that it claimed prevented the planned development.
- The dispute centred on floodplain regulations introduced by local authorities in 1997, which limited construction in certain areas considered vulnerable to flooding.
Sources: Times of India