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February 24, 2009

N.Y. court hears objections to Nets arena

The Star-Ledger

Four Brooklyn judges heard arguments about whether New York violated its eminent domain laws when it approved the proposed Nets arena and housing project in Brooklyn, according to a report in the Record.

The report said judges inquired whether the Empire State Development Corp. needed to weigh the project's public benefits against the private benefits for Nets own Bruce Ratner.

The parties in the case offered sharply different predictions of the project's timeline, the report said. Daniel Goldstein, the lead plaintiff, predicted the Nets would not be able to break ground before 2010, while the Nets hope that construction can begin early summer.

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NoLandGrab: To date, Goldstein's prognostications regarding the timeline have been more accurate than those of the Nets and Forest City Ratner.

Posted by lumi at February 24, 2009 5:15 AM