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April 23, 2010
Last shot $cores
7th-floor arena holdout beat penthouse deal
NY Post
by Rich Calder and Dan Mangan
Interesting idea by the Post to talk to some of Daniel Goldstein's former neighbors, all of whom, unlike Goldstein, were unwilling to put ideology first.
The owner of the penthouse in the last building standing in the way of the planned Nets arena in Brooklyn accepted $1.88 million to go away, but the occupant of a much less desirable apartment scored a real slam-dunk payday -- a sky-high $3 million.
Actually, that "much less desirable apartment" was incredibly desirable — to Bruce Ratner.
Daniel Goldstein's deal for his seventh-floor apartment not only makes way for the controversial project, but it stunned his former upstairs neighbor -- who sold her penthouse for $1.12 million less nearly six years ago.
"Wow," Holly Tingley, 40, said yesterday when told of Goldstein's windfall for his condo at 636 Pacific St. in Prospect Heights, where he and his family were the last people remaining. "He held on a long time.
"I had the penthouse apartment and he still did better," said Tingley, a mom of two.
NoLandGrab: No offense to Ms. Tingley, since we don't know what we would have done being in her, or Daniel Goldstein's, shoes, but if it were about money, Goldstein wouldn't have fought the project until he was the last man standing.
Related coverage...
Raw Cotton Blog, A tree dies in Brooklyn
So, the last holdout in the Atlantic Yards dispute reached agreement to sell his condo for 3 mil and give up running the Develop Don't Destroy Brooklyn group that has been actively opposing Ratner and co. They subject to the laws of capitalism just like we are. The state used eminent domain to take over his property in the interests of big capitalists. Downtown is gonna be a mess. It's already crazy over there. It is just a sign of the times as they move in and push us out.
...Soon, the poor and working folk won't be able to afford Brooklyn, maybe they won't be able afford New York at all. It is the laws of capitalism, there is nowhere left to "develop" in Manhattan, so now they want to export their capital to Brooklyn and in a couple years Brooklyn won't be Brooklyn. Brooklyn Stand Up!!!
NLG: If more of Brooklyn had stood up like Daniel Goldstein, maybe the outcome would have been different.
Epoch Times, Forest City Ratner Settles With NYC Residents Over Atlantic Yards
One main opponent of the Forest City Ratner's Atlantic Yards development in Brooklyn came to an agreement with the company.
Posted by eric at April 23, 2010 10:01 AM