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June 25, 2005
Ratner Discusses Possibility Of Using Eminent Domain To Help Build Brooklyn Arena
From NY1:
On Thursday, the U.S. Supreme Court ruled that local governments can seize private property against the will of its owner, and give it to private companies to develop. In Ratner's case, that would mean a 21-acre arena for the Nets and an apartment complex in place of the Atlantic Rail Yards and the surrounding properties.While some business and apartment owners have already sold to Ratner, the ones who haven't could be kicked out if the city resorts to eminent domain. Ratner says that could be for the greater good of the neighborhood.
Posted by amy at June 25, 2005 12:20 AM