« Could Spitzer Sex Scandal Hurt the Nets? | Main | Brooklyn Museum to Get Hit with Atlantic Yards Blowback? »
March 15, 2008
Paterson's Rule Could Derail Major Real Estate Deals
Gothamist
Another salient difference between the two is Paterson's attitude on eminent domain procedures. As a former state senator from Harlem, he objected to the use of land seizure through eminent domain; in 2005, he stood on the steps of City Hall to call for a halt on such seizures. Eminent domain-reliant projects are Columbia University's Manhattanville expansion, Bruce Ratner's Atlantic Yards development in Brooklyn, and the new development plans for Willets Point in Queens.
Without the backing of the governor, it's unclear whether these large projects could remain politically or financially viable. Crain's also pointed out the long-gestating Moynihan Station project could be linger longer. It's also possible Empire State Development Corporation head Patrick Foye, friend of Spitzer, may be replaced.
Posted by steve at March 15, 2008 1:38 AM