Respondent Lebanon Valley Auto Racing, Inc. (hereinafter Lebanon Valley) owns a 96.4-acre parcel of property in the Town of New Lebanon, Columbia County, that is situated within a commercial recreation zoning district. In early 1993, Lebanon Valley leased an 8.2-acre portion of this property to respondent King Road Materials, Inc. (hereinafter KRM) which, on April 26, 1993, obtained a building permit...
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