Question : Are residential property owners due compensation for loss of property value due to a new industrial buisness being built in their neihborhood which was preceded by the clearing of 20 acres of woods?
This would be a question of local zoning law and whether the abutters to the property have "standing" to sue the developer (or the town) for permitting such work in violation of the law or the rights of the abutters. In general, however, no.
Towns may adopt "impact fees" for some types of subdivision or other development plans, which provide indirect compensation to taxpayers because they offset some of the future burdens of the permitted use of the land. Clearly this would not be the same as "paying" a neighbor for his or her assent to an otherwise controversial plan.
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