« Could lost AY revenues have tripled affordable housing? | Main | Stepford editorialists repeat the $5.6 billion lie »
December 15, 2006
Domain bill loses ground
From last week's Crain NY Business, "The Insider"
By Erik Engquist and Anne Michaud
December 4-10, 2006
Fears of a federal bill to restrict eminent domain have receded among Bloomberg administration officials and private developers, sources say.
The Democratic takeover of Congress makes the bill "less viable," accordinng to a high-level executive at a major development firm.
The House had overwhelmingly passed the bill, which calls for cutting off federal community development block grants to states that condemn land to benefit private projects, as the city does to build affordable housing and the state may do for the Atlantic Yards project in Brooklyn.
NoLandGrab: It's not as if the bill was "viable" under a Republican Congress either, with Senator Frist holding up the bill and the White House quietly hoping for its demise.
Posted by lumi at December 15, 2006 8:20 AM