Atlantic Yards Nets Case: Court Of Appeals To Hear New Jersey Nets Arena Case

10/12/09 12:21 PM ET   AP

Amazing
 Inspiring
 Funny
 Scary
 Hot
 Crazy
 Important
 Weird
Nets

ALBANY, N.Y. — New York's top court is set to consider whether the state had the authority to condemn property and force its sale to a developer as part of a project that includes a new arena in Brooklyn for the New Jersey Nets basketball team.

The Court of Appeals will hear oral arguments Wednesday. Developer Bruce Ratner's proposed $4.9 billion, 22-acre Atlantic Yards project also includes office towers and apartments, funded in part with $600 million in tax-exempt bonds to be sold by Dec. 31.

Some businesses and homeowners are challenging the Empire State Development Corp.'s power to force them out, saying the state constitution authorizes eminent domain for public uses, not enriching others.

Lower courts have upheld the project.

FOLLOW HUFFPOST NEW YORK

ALBANY, N.Y. — New York's top court is set to consider whether the state had the authority to condemn property and force its sale to a developer as part of a project that includes a new arena in...
ALBANY, N.Y. — New York's top court is set to consider whether the state had the authority to condemn property and force its sale to a developer as part of a project that includes a new arena in...
Related News On Huffington Post:
 

Read more from Huffington Post bloggers:
Daniel Goldstein

Daniel Goldstein: A Pileup of Lawsuits Slams Atlantic Yards

Where are the charges of frivolity when it comes to Ratner's, Bloomberg's and Paterson's hardheaded goal of building the most expensive arena in history, in the middle of a recession and housing crisis?
Matt Rodigheri

Matt Rodigheri: Tens of People Breathing Easier on Atlantic Yards Issue

A slideshow from the Saturday March by Develop, Don't Destroy Brooklyn.
Gene Russianoff

Gene Russianoff: A Bad Deal for the MTA and Its Riders

NYPIRG's Straphangers Campaign joined in a lawsuit this week objecting to the rotten deal that the MTA struck this past June for the rights to build over the Vanderbilt Yards in Brooklyn.
Daniel Goldstein

Daniel Goldstein: Wrong Way PILOTs Would Crash into Atlantic Yards

Imagine the city told you, that instead of paying property taxes on your home you could take the equivalent of the tax you would pay and use it for your mortgage. Not a bad deal...for the homeowner.

Filed by Eve Attermann  | 

More in New York...


 
 
  • Comments
  • 2
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Recency  | 
Popularity
photo
Nommo
88 Fans
11:31 PM on 10/12/2009
The best of luck to those residents trying to save their homes and Brooklyn from this ill-conceived mess.
Permalink  |
photo
HUFFPOST SUPER USER
bklynnupe
62 Fans
03:01 PM on 10/12/2009
Bruce Ratner and the Nets stadium suck!
Let them stay put in New Jersey where they belong. Ratner doesn't have the money to build this crap on his own, so he's looking for a free ride from the tax paying public.
Permalink  |