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April 21, 2010

Foe of Brooklyn arena project agrees to leave


Here's round two of stories about what it was worth to Bruce Ratner to convince Daniel Goldstein to sell him his home.

The last holdout in a long-running battle with the developer of an NBA arena in Brooklyn has agreed to sell his home on the site.

Daniel Goldstein and his family agreed in court Wednesday to leave their condo by May 7 in a settlement with the developer, Forest City Ratner Cos.

Goldstein founded Develop Don't Destroy Brooklyn, which has filed several lawsuits seeking to block the Atlantic Yards development and has been the project's most vocal critic for years.


More coverage...

Bergen Record, Holdouts' deal clears way for Nets arena in Brooklyn

The Nets’ Barclays Center Basketball Arena drew a critical step closer to a 2012 opening date Thursday, when long-time opponent Daniel Goldstein accepted a $3 million offer on his three-bedroom condominium.

The offer is almost six times the amount offered to Goldstein at the start of several hours of separate negotiations among Goldstein, New York State officials and Forest City Enterprises executives. Judge Abraham Gerges of New York Supreme Court — the equivalent of New Jersey Superior Court — oversaw the negotiations.

The windfall did not change Goldstein’s opinion of the $5 billion multi-use project.

“It’s an illegitimate project that never should have gone forward,” Goldstein said. “And it still shouldn’t.”

Daily Intel [NYMag.com], Dan Goldstein, Atlantic Yards’ Last Holdout, Steps Aside for $3 Million

Daniel Goldstein was one of the last seven holdouts in the way of the $4.9 billion dollar project, even though he had technically already been evicted and was being forced to sell by a court ruling upholding the state's right to seize the land under him by eminent domain. As of this morning, he was the only person left living on Pacific Street in Prospect Heights.

NY1, Forest City Ratner Pays Millions To Have Atlantic Yards Residents Relocate

Atlantic Yards developer Forest City Ratner said today it reached a monetary agreement to have the remaining residents relocate from the area of the multimillion-dollar high-rise and sports arena project in Downtown Brooklyn.

Crain's NY Business, Last Atlantic Yards holdout grabs golden goodbye

“I’m not pleased that I’m leaving my apartment; I’m not pleased that the development is going forward,” said Mr. Goldstein, who lives in the three-bedroom apartment with his wife and young daughter. “But there was nothing more I could possibly do to fight this project.”

On Wednesday morning, there was a hearing before a Brooklyn Supreme Court judge to set an eviction date for those still in the footprint to vacate. Mr. Goldstein says the judge asked the parties to see if they could strike a deal and three hours later the agreement, which requires him to leave by May 7, was struck.

“I’m not an idiot. I knew this was going to happen,” said Mr. Goldstein. “I just wanted to get a price that I thought was fair.”

He said if he continued to fight, he would just rack up more legal fees and then might only be awarded what the courts decided was fair value. Even though he lost the battle, Mr. Goldstein says he doesn’t have regrets about his stance.

“I feel good that I fought for so long and that we had the presence that we had,” he said.

Gothamist, Update: Holdout No More! Goldstein Will Move for $3 Million

The long-time chief critic of Bruce Ratner and the Atlantic Yards project agreed today to a $3 million deal to move out of his home.


The Awl, Founder of Anti-Atlantic Yards Group Is Last NYC Real Estate Winner!

Posted by eric at April 21, 2010 6:26 PM