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November 25, 2011

“Bruce Ratner’s latest useful idiots have no one to blame but themselves.”

Reason Hit & Run
by Damon W. Root

City Journal’s Nicole Gelinas reports on the latest lawsuit stemming from the Atlantic Yards boondoggle in Brooklyn, where the state of New York seized private property via eminent domain on behalf of a basketball stadium being built by real estate tycoon Bruce Ratner. As Gelinas notes, the seven Brooklyn residents who filed suit this month aren’t actually upset about the eminent domain abuse that occurred, they’re just mad at Ratner because he won’t let them get in on the spoils....

It’s hard to feel much sympathy for anybody who believed Ratner’s bogus promises, but at least these seven dupes have a shot at learning from their erroneous ways.


Related coverage...

Gideon's Trumpet, A Cautionary Tale in Brooklyn

A tip of our hat to Nicole Gelinas of the City Journal for her article that tells the story of seven people who according to their complaint just filed in court againt the Atlantic Yards management, bought into promises of good jobs in exchange for supporting that redevelopment project. Nicole Gelinas, The Ratner Seven, City Journal, November 18, 2011 — click here. But guess what? They allege that they were duped.

Bottom line: when redevelopment promoters promise to bake a bigger economic pie for all to share, it may just be that what they are really promising is pie in the sky.

Posted by eric at November 25, 2011 12:50 PM