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November 30, 2009

'Net' result sure beats a nut revolt

NY Post
by Andrea Peyser

Speaking of nuts, Andrea Peyser is oh so happy about last week's Court of Appeals ruling.

After years of legal combat that rivals the days of the Roman forum, the state's highest court has given a hearty go-ahead to the Nets basketball arena in Brooklyn. Finally! Sanity reigns in a borough where people will protest sunny days and rainbows if given the chance.

Actually, we'd like to expose all the crooked back-room dealing to a little sunshine.

The Court of Appeals says the small knot of resisters who've refused to sell their properties to developer Bruce Ratner -- at handsome profits, I might add -- can be displaced by eminent domain.

"Handsome profits?" Tell that to Daniel Goldstein, who's been low-balled by the ESDC and Ratner with an offer well below what he paid for his home. Which, by the way, is not for sale.

This is good news to the many New Yorkers who will win jobs and affordable homes, and bad news only to the selfish handful who'd refused to let their neighbors get a shot at prosperity.

Yes, how dare we keep Bruce Ratner from turning his ill-conceived purchase of the New Jersey Nets into a taxpayer-funded windfall?

Smack in the middle of some of the richest real estate in the city sits Atlantic Yards, a spot so blighted, it's an outrage nothing has been built there in 40 years. Now, there's a chance.

Which begs the question, why is the MTA selling publicly owned land to Ratner for less that half of its own appraisal?

Even better, big entertainment dollars will be sucked back into New York from New Jersey, where the Nets currently play. It's a win-win situation.

Except that the NYC Independent Budget Office expects the arena to cost city taxpayers $220 million over 30 years. Giant sucking sound, indeed.

link

Also...
Atlantic Yards Report, Post columnist Peyser's dada take on Atlantic Yards

Probably the best way to read New York Post columnist Andrea Peyser is to consider it some sort of dada performance, untethered to reality.

Example:

She continues:

Smack in the middle of some of the richest real estate in the city sits Atlantic Yards, a spot so blighted, it's an outrage nothing has been built there in 40 years. Now, there's a chance.

Atlantic Yards is a project, not a place. The "so blighted" Vanderbilt Yard is and was a working railyard; only when vacant land shrunk and land values rose did it become cost-effective to propose development.

The "outrage" is the fault of borough and city leaders who chose never to try to market this piece of real estate. And even the Court of Appeals calls the situation "relatively mild conditions of urban blight."

Posted by eric at November 30, 2009 11:43 PM