Ah..a fairly basic "tradgedy of the commons". That said, if it is in the interest of the community to diminish the people's ability to use their land, there should be a corresponding tendency for compensation.
There should, but in practice it gets very complicated. Just read the case in question. If that doesn't give you a headache, nothing well. I am a lawyer, and it gave me a headache, and I am used to the cadence of the prose. Sometimes moratoria enhance land values rather than diminish them, for example. The land market is so wonderfully complex. That is why I love it so, and the intersection of that with the law, sends me sometimes into ecstasy. Nothing out there is better.