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March 21, 2012

New Domino project embroiled in lawsuit

Atlantic Yards Report

This is what happens when, unlike Forest City Ratner, you're not sufficiently creative in finding new financing.

From Crain's New York Business, Domino sugar plans on verge of meltdown:

Relations between the two firms redeveloping the Domino sugar factory site along the Williamsburg, Brooklyn, waterfront began to sour almost from the start, according to a lawsuit filed earlier this month. Now, they are on the verge of a total meltdown that could scuttle the entire project.

link

NoLandGrab: It saves neighborhood activists money when the developers just sue each other.

Posted by eric at March 21, 2012 7:16 PM