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November 28, 2009
On the Beat - Move to Brooklyn a Step Closer for Nets
Basketball Proespectus
by John Perrotto
This item noting this week's Court of Appeals ruling notable as it quotes developer Bruce Ratner stating his committment to the proposed Atlantic Yards project even as he unloads the New Jersey Nets.
The Nets’ proposed move from New Jersey to Brooklyn took a big step forward earlier this week when the New York State Court of Appeals voted 6-1 to uphold the state’s right to use eminent domain to remove residents and businesses that held out and tried to remain at the Atlantic Yards site. The project involves an arena for the Nets, which officials are hoping opens in time for the start of the 2011-12 season.
“Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and the entire city,” said Nets owner Bruce Ratner, who is in the process of selling a controlling interest in the team to Russian billionaire Mikhail Prokhorov. “Our commitment to the entire project is as strong today as when we started six years ago.”
Posted by steve at November 28, 2009 5:55 AM