« Overseas coverage | Main | Polling Atlantic Yards Report »
September 6, 2006
Chuck Schumer on MetLife's free-ride off eminent domain
Daily Gotham
By Liza Sabater
Thanks to Daily Gotham for pointing out that Senator Schumer is starting to sound like an eminent domain activist. Schumer in Stuyvesant Town from the video clip:
The City under Fiorello Laguardia used its eminent domain powers to clear this vast expanse. And while no one has come up with the exact number, it is very likely that MetLife hardly paid a fair-market value for the land. In fact, some people think they they may have been given it for free, the research hasn't c come clear yet, but the odds are they they not only got the benefit of the city using eminent domain, but a much lower price.
Daily Gotham on Schumer:
Upon reviewing these video clips, there's one thing that I just realized about Schumer's shpiel : He's calling out MetLife's possible use of public land for free due to eminent domain as a playing card in the negotiations.
...
More importantly, what effects, if any, could this have on development projects like Atlantic Yards and Williamsburg?
NoLandGrab: Perfect timing! The Institute for Justice wants you to know, "CONGRESS HAS ONLY 24 DAYS LEFT TO PASS EMINENT DOMAIN REFORM!" and that you should contact your senator TODAY.
Posted by lumi at September 6, 2006 7:50 AM