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November 8, 2007

Real Estate Round-Up: November 8, 2007

onedollar.gifBrooklyn Daily Eagle

Reporter Sarah Ryley catches on:

The New York Mets paid the city $6 million in rent and $5 million for its parking lot during fiscal year 2007; and the New York Yankees paid $2.3 million in rent and $3 million for its parking lot, according to The New York Post. That might irk some opponents of the basketball arena for the Nets planned at the intersection of Flatbush and Atlantic avenues, who have already complained that developer Bruce Ratner inked a deal between the city and state that promised a rent payment to operate the arena of one dollar.

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NoLandGrab: And then developer and team owner Bruce Ratner and NY State have the chutzpah to call it a "public use" in order to justify taking people's homes and businesses. The last time we looked, NY State was still part of America (but we could be wrong about that).

Posted by lumi at November 8, 2007 4:42 AM