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Appeals Court Accepts Atlantic Yards Eminent Domain Suit
By
John Del Signore
Published Jun 30, 2009
Modified Jun 30, 2009
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By
John Del Signore
Published Jun 30, 2009
Modified Jun 30, 2009
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During the past week or so, developer Bruce Ratner had finally seemed to have a little wind in his sails as he pushed forward with his $4.2 billion odyssey to build a Nets basketball arena, office towers and thousands of apartments in Brooklyn. The MTA agreed to a sweetheart deal to sell him the Vanderbilt Railyards, and the Empire State Development Corporation [ESDC] brushed off demands that Ratner resubmit his heavily revised plans for another full public review. But now the whole project is back to being embattled, as the state's highest court has agreed to hear the eminent domain lawsuit brought by opponents who say the ESDC is trying to seize private property to benefit Forest City Ratner, not the public. In May, a state appellate court unanimously rejected the lawsuit, and Ratner's attorneys expressed great confidence that the Court of Appeals wouldn't hear the case. At the time, Ratner said, "I’m honestly overjoyed. This is a weight off my back." Now the weight's back on, and, since the court operates on its own timeline, some wonder whether a ruling will be issued within enough time for developer to meet a year-end deadline to secure tax-free arena financing.
Tagged
appeal
Atlantic Yards
barclay's arena
Bruce Ratner
nets
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
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Gothamist is funded by sponsors and member donations
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