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Atlantic Yards Foe Offered Less $ Than He Spent On Home
By
Ben Muessig
Published Nov 16, 2009
Modified Nov 16, 2009
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By
Ben Muessig
Published Nov 16, 2009
Modified Nov 16, 2009
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Daniel Goldstein — the city's most prominent Atlantic Yards opponent — was low-balled by the state with an eminent domain offer of just $510,000 for a three-bedroom Prospect Heights condo he purchased for $590,000 in 2003. It's also less than half what mega-developer Bruce Ratner offered Goldstein for the home, which, alongside Goldstein's lawsuits, stand in the way of $4.9 billion plan. Goldstein believes the state made such a low offer "to deter people from fighting like we have," but others say it's the real estate downturn, which has put the entire Atlantic Yards project on thin ice. In the coming days, the state's highest court is expected to rule on Goldstein's lawsuit alleging that the state is improperly using eminent domain to seize private property to benefit Ratner's company — not the public. [Via Brownstoner]
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Atlantic Yards
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