« No love for ‘UNITY’ from city, state | Main | Real Estate Round-Up: September 28, 2007 »

September 28, 2007


THE BROOKLYN PAPER: Lawsuit against Atlantic Yards is losing its plaintiffs one by one

DeadFlies.jpgAriella Cohen reports in The Brooklyn Paper that tenants are leaving the eminent domain lawsuit and that "opposition to Brooklyn’s largest real-estate project may be entering its endgame."

One tenant commented that Forest City Ratner wants "to be able to say that the plaintiffs are dropping like flies."

Um, pretty much the Brooklyn Paper already did.

Norman Oder of Atlantic Yards Report explains why tenants have few options compared to property owners.

NoLandGrab: This is the first that we've heard of any tenants leaving the eminent domain suit. It wouldn't surprise us if any did or more followed suit.

What surprises us is that there have been tenants brave enough to sign on in the first place, especially in the face of Forest City Ratner's threat to not negotiate with renters who filed suit and the fact that renters have fewer options than owners.

Posted by lumi at September 28, 2007 12:29 PM