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0 tracked cards Real Property

Owner obtains a valid building permit for an apartment building and, before any notice of rezoning, spends $800,000 on foundations and utility work. The city later rezones the parcel to prohibit apartments and orders Owner to stop work.
What is Owner's strongest argument?

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The owner has vested rights if the owner obtained a valid permit and made substantial good-faith expenditures in reliance on it before the zoning change. The owner has vested rights only after the entire project is completed. The owner has vested rights because zoning ordinances cannot affect issued permits under any circumstances. The owner has vested rights only if every neighbor had actual notice of the permit.

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