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How zoning can mean profits

Zoning controls how land is used and limits the size of structures. It is supposed to protectproperty owners by avoiding conflicting use of land, such as the construction of factories next tohomes.

Each local government decides upon the zoning for land within its borders.

Changes in zoning can dramatically affect property values. A rezoning that allows an officetower to be built where houses once stood can increase land prices tenfold. Smaller changes, suchas permitting a three-story building instead of a two- story building, can make the differencebetween a profit and a loss to a developer.