Penn Central Transportation Co. v. City of New York

In Penn Central Transportation Co. v. City of New York, 438 U.S. 104 (1978), the Court identified several factors that have significance in evaluating whether a regulatory taking has occurred. The relevant factors include "the economic impact of the regulation on the claimant," "the extent to which the regulation has interfered with distinct investment-backed expectations," and the "character of the governmental action." Id. at 124.