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March 1, 2008

Eviction case ends with $103K settlement from Forest City Ratner

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Atlantic Yards Report

A Brooklyn woman who wanted to open a day care center in a building in the Atlantic Yards footprint has achived a six-figure settlement her lawyer called a good compromise. Shirley Milligan, according to her attorney, Michael Rikon, had originally been offered $40,000 to reimburse her for her investment, plus the return of her $3000 security deposit.

Milliken signed a lease apparently uninformed that the property was slated for demolition. (Someone--whether it be her or those on the other end of the transaction--apparently could've done more disclosure or diligence.)

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Posted by amy at March 1, 2008 12:04 PM