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March 8, 2007
Court Rules Forest City Ratner Does Not Have Rights To Some Properties
NY1
Just days after a dozen buildings at Brooklyn's Atlantic Yards site were cleaned for demolition the State Supreme Court ruled Wednesday that the developer does not have rights to some of the properties.
This decision terminates the leases Forest City Ratner bought from another developer -- who had a contract under Prospect Height’s property owner Henry Weinstein.
The judge said the leases of two buildings had been passed off to Ratner without Weinstein's approval.
...
An attorney for Ratner says Weinstein plans to appeal the decision.
There seems to be a mistake in this report, since the defendant, Weinstein, would have to be nuts to appeal a decision in which he's won.
Posted by lumi at March 8, 2007 8:28 AM