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January 19, 2007
Barclays' Past, Bruce's Present
Develop Don't Destroy Brooklyn points out that Barclays Bank is aiming to overcome its sordid past (from South Africa's Mail and Guardian) by supporting eminent domain (link):
Ohio-based FCR and London-based Barclays Bank have just announced a $300 million naming-rights deal to slap the international-banking giant's logo all over an arena whose construction is contingent on the use of eminent domain to seize and demolish homes. Developer Bruce Ratner's use of eminent domain to construct the arena and 16 skyscraper "Atlantic Yards" project in Prospect Heights, Brooklyn is currently under review by a federal court to determine the constitutionality.
Image from DDDB at City for Sale.
Posted by lumi at January 19, 2007 1:19 PM