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April 15, 2010

In Boston, the mayor criticizes "developer's blight" and threatens eminent domain

Atlantic Yards Report

Remember how Vornado's Steve Roth explained the strategy of sitting on a property in Manhattan to hasten blight and extract more concessions?

Well, now he's meeting his match--a mayor who's willing to take the wheel rather than let the developer drive.
...

Chances of that happening with Forest City Ratner's Atlantic Yards site? Very unlikely.

link

Posted by eric at April 15, 2010 11:16 PM