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Financial Markets
A Michigan Town Clamped Down on Its Wineries. Now It Owes Them $49 Million.
NegativeFinancial Markets
Old Mission Peninsula in Michigan faces a $49 million bill to local winemakers due to a federal court ruling. The court ordered the town to repay revenue lost from zoning restrictions on special events.
Editor’s Note: This situation highlights the tension between local regulations and the interests of businesses. The financial burden on the town could impact its budget and future decisions regarding zoning laws, affecting local economies.

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