« More Ridge Hill nuttiness | Main | Case Dismissed: Yards Lawsuit Tossed by Judge »
June 14, 2007
Willets Point rehab tab put at $3B-plus
NY Daily News
By Frank Lombardi
When Robert Lieber, the President of NYC's Economic Develop Corp. (EDC), tossed out some estimates of what it would take to re-develop the 60-acre Willets Point site, milk came out of City Councilmembers' noses.
Aside from citing figures that strained credulity, Lieber also said that the city is striving not to use eminent domain — but that the Mayor is "not going to let one person be the holdout for the good that's associated with so many other people."
NoLandGrab: Eminent domain is either on or off the table — to say it will only be used if the city can't make a deal with the property owners is coercive.
Lowball costs and double-dealing on eminent domain sounds familiar to those who've been keeping an eye on Bruce Ratner's Atlantic Yards plan.
Posted by lumi at June 14, 2007 8:34 AM