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January 25, 2007
Eminent Domain: Forest City and Bloomfield sever ties in redevelopment project
NJEminentDomain.com
Property owners in Bloomfield, NJ have managed to hold off the town's attempt to use eminent domain to take their property long enough for Bruce Ratner to pull out.
The buzz about Forest City and Bloomfield is confirmed. Forest City is out. The important question is: Who's in? According to Baristanet, McCarthy says the council has not selected another developer.
The removal of Forest City is a positive sign for the small business property owners fighting eminent domain. It doesn't mean the legal battle is over. It doesn't mean that Bloomfield has abandoned the blight designation or the threat to acquire the properties by eminent domain.
NoLandGrab: It's hard to tell from the outside what made Bruce Ratner, one of the most prolific beneficiaries of eminent domain abuse, walk. We're not counting on a change of heart.
However, the Bloomfield eminent domain condemnations had some technical problems which helped the property owners score some wins in court. The legal technicalities no doubt plunged the construction schedule into a black hole.
Also, just last week, two of the Bloomfield property owners learned that their buildings were removed from the redevelopment plan. Could it be that Caring Bruce got all upset, took his wrecking ball and went home?
Whatever the reason, we congratulate the lucky-duckies in Bloomfield for beating back the town and Bruce Ratner and hope that the remaining property owners still under threat of eminent domain are given some relief soon!
Posted by lumi at January 25, 2007 7:05 AM