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November 23, 2009

Fate of Atlantic Yards project remains unclear

NorthJersey.com
by John Brennan

The fate of the $5 billion Atlantic Yards project in Brooklyn will not be known until tomorrow at the earliest.

The New York Court of Appeals' list of rulings today did not include a decision on the validity of the state's use of eminent domain to facilitate the construction of Atlantic Yards, which would include a new arena for the New Jersey Nets as well as thousands of condominiums near downtown Brooklyn.

The court may release its decision tomorrow; if not, the next scheduled date for rulings is Tuesday, Dec. 1.

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NoLandGrab: In the words of the legendary Magic 8-Ball, "Ask again later."

Posted by eric at November 23, 2009 10:36 AM