These sorts of land use restrictions should be illegal. It's basically a corporation trying to act as a pseudogovernment, enforcing regulations on land that they no longer own themselves.
One could argue that HOAs are kind of a similar issue, acting like a pseudogovernment, with restrictions on housing passing on down indefinitely, even to new owners who may not have wanted to agree to them (but with housing being as constrained as it is, you may not always have a realistic choice).
As a general rule, prior owners probably shouldn't be getting a say in what future owners do with land. Why? Because land is inherently limited in a way in which most other property is not, which reduces the ability of new entrants to 'disrupt' the market by offering people more choice.
If my town only has one car dealership with shitty business practices, no biggie, it's not too hard to go to another town and buy a car, then bring it back. But I can't buy land and bring it back to use it, I'm stuck with whatever's already there.
One could argue that HOAs are kind of a similar issue, acting like a pseudogovernment, with restrictions on housing passing on down indefinitely, even to new owners who may not have wanted to agree to them (but with housing being as constrained as it is, you may not always have a realistic choice).
As a general rule, prior owners probably shouldn't be getting a say in what future owners do with land. Why? Because land is inherently limited in a way in which most other property is not, which reduces the ability of new entrants to 'disrupt' the market by offering people more choice.
If my town only has one car dealership with shitty business practices, no biggie, it's not too hard to go to another town and buy a car, then bring it back. But I can't buy land and bring it back to use it, I'm stuck with whatever's already there.