Property Rights Foundation of America®

News Brief - Summer 2004:

Zoning Concepts Don't Seem to Matter in Exclusive Croton-on-Hudson

Luxury townhouses recently built by Mitchell C. Hochberg in Croton-on-Hudson sold at prices ranging from about $400,000 to over $1.6 million. The homes offer views of the majestic Hudson River in one direction but there is a constant "clang, clang, clang" of activity from the immediately adjacent train repair yard "strewn with rusty pipes and rails." Land suitable for building in suburban New York is becoming scarce. Reflecting on the irony of the location of the upscale houses, authors James R. Hagerty and Queena Sook Kim commented in The Wall Street Journal in August, "One major reason for high land costs is that local governments in upscale areas often enforce tight restrictions on new development."

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