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August 6, 2008
Atlantic Yards Court Battle Continues
Brooklyn Downtown Star
by Jeffrey Harmatz
Property owners in the footprint of Forest City Ratner’s Atlantic Yards Development are taking the next step in their fight against what they feel is the abuse of eminent domain. Nine property owners and tenants have filed a petition with the Appellate Division of the State Supreme Court to block the seizure of their homes by the Empire State Development Corporation.
...The project’s future under Forest City Ratner has been called into question by Ratner himself, as he has said that the nation’s economic downturn may cause serious delays in the project, and that only the first phase of the project, including the sports stadium, may be built in the next five years.
Posted by eric at August 6, 2008 12:04 PM