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January 9, 2006
Owners Ousted From Times Site Awaiting Payout
From Page 1 of The NY Sun, Staff Reporter David Lombino updates New Yorkers on the case of displaced property owners and tenants in condemnations by NY State for the Forest City Ratner/NY Times building in Times Square.
After three and a half years, compensation has still yet to be determined for "nearly all the property owners and more than half the tenants." In addition, many of the business owners were forced to pay higher rents at their new locations, meanwhile business has dropped.
The displaced tenants and owners said their experience over the last three and a half years serves as a warning to those who may be ousted by condemnation in the Atlantic Yards project in Brooklyn, the planned expansion of Columbia University in Harlem, or other projects that might now surface as a reaction to last year’s U.S. Supreme Court ruling in Kelo v. New London, which allows a city to invoke eminent domain for the sake of private economic development.
TimesRatnerReport suggests, "This is another article that could be linked to by the New York Times, if it followed the Public Editor's cue and provided links to others' coverage "about a news-making development at The Times."
Posted by lumi at January 9, 2006 7:30 AM