October 5, 2006
Lawyer to ESDC: don't condemn buildings with rent-stabilized tenants
Atlantic Yards Report
Attorney George Locker, who represents four rent-stabilized residential tenants at 624 Pacific Street and ten rent-stabilized residential tenants at 473 Dean Street--both buildings now owned by Atlantic Yards developer Forest City Ratner--has protested plans by the Empire State Development Corporation (ESDC) to use eminent domain to take over those buildings.
Locker's argument: the rent-stabilization laws should not be trumped by the ESDC, and thus the process should be significantly delayed.
Locker repeated some of the concerns he'd expressed about "friendly condemnations," the ESDC's plans to use eminent domain for all of the property in the project. The state agency says it's to clear title; Locker says it's to clear tenants.
Click here to read Locker's testimony (PDF).
Posted by lumi at October 5, 2006 8:27 AM