DEVELOPERS FILE SUIT OVER LOCAL AIR RULE ON REAL ESTATE IMPACTS

Builders have filed suit against California's San Joaquin Valley air district over innovative rules that impose fees on real estate projects to offset the impact of traffic pollution, with the lawsuit an apparent effort to discourage other regions from copying the rules. Air district officials say they are surprised by the lawsuit, given that the rule has already taken effect and that regional developers are cooperatively complying. The San Joaquin Valley air district's "indirect source rule" and accompanying fee rule...