Ohio firm spent $52,100 on car lot site; court says rezoning was a taking

 An Ohio appellate court has determined that Cleveland owes TMS Enterprises compensation following a contentious zoning amendment. The firm had invested in land with plans for a used-car dealership, but the city reclassified the site from commercial to residential, derailing their business intentions. TMS argued this decision violated their property rights. The court upheld the initial judgment, initiating the steps for formal compensation proceedings. An Ohio appellate court has determined that Cleveland owes TMS Enterprises compensation following a contentious zoning amendment. The firm had invested in land with plans for a used-car dealership, but the city reclassified the site from commercial to residential, derailing their business intentions. TMS argued this decision violated their property rights. The court upheld the initial judgment, initiating the steps for formal compensation proceedings.