tag:blogger.com,1999:blog-20743459.post8664081784626203174..comments2024-03-18T05:56:29.009-04:00Comments on Atlantic Yards/Pacific Park Report: State's highest court accepts eminent domain appeal; oral arguments in October, thus complicating AY end gameNorman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-20743459.post-20500747481721462282009-07-01T16:52:58.733-04:002009-07-01T16:52:58.733-04:00A decision should come down by early December. Pre...A decision should come down by early December. Presumably the local development corporation authorizing the bonds, the banks, and the institutional purchasers would all be lined up. Not sure that land needs to be acquired for bonds to be sold. Yes, several properties in the footprint would have to be acquired via eminent domain.<br /><br />In other words, as far as I know, this tightens but does not close the window of opportunity.Norman Oderhttps://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-77233238118837271972009-07-01T16:48:36.003-04:002009-07-01T16:48:36.003-04:00Norman, in the event that the Court of Appeals rul...Norman, in the event that the Court of Appeals rules in the ESDC's favor, how would it be possible that Ratner would have enough time to (i) sell the tax-emempt bonds and (ii) acquire the land by December 31, 2009? Also, is any of the land in the arena footprint even being acquire by eminent domain?Corey47https://www.blogger.com/profile/04572236195000769307noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-6631510175492353962009-06-30T12:22:34.446-04:002009-06-30T12:22:34.446-04:00we would know more about that 1938 constitutional ...we would know more about that 1938 constitutional amendment if courts had addressed it along the way<br /><br />the courts did not because there have been very few, if any, intelligent and imaginative legal challenges over the 70 years (in the case of the constitutional amendment) or 40 years (in the case of the UDC Act).<br /><br />So DDDB and the bloggers are legal pioneers. They have stopped an urban development disaster and the hijacking of a state agency, in its tracks.<br /><br />In an era where mayors, governors and most electeds couldn't care less what happens to ordinary people, these Brooklynites are a model and a beacon for citizen democracy everywhere.<br /><br />If the Atlantic Yards Project is not inevitable - if this civic monster can be slain - think what else out there might be different ...Georgehttps://www.blogger.com/profile/17702052598118185128noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-1357269855618068592009-06-30T11:47:26.859-04:002009-06-30T11:47:26.859-04:00looks like the dddb et al get a kick save on this ...looks like the dddb et al get a kick save on this one.<br /><br />but i disagree that the third isssue is utterly meritless.<br /><br />somewhere the state of new york understood and codified that you dont steal from the poor to give to the rich with regards to housing.<br /><br />and millions have been given to ratner to accomplish what the state cannot do, use state funds to buy out poor to build housing for the rich. that they have an intermediary will eventually be found to be irrelevant because it still is state funds. <br /><br />cant wait for the ratner/times/esdc/mta spin on this one.Unknownhttps://www.blogger.com/profile/13730741923292001971noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-39528206407998607902009-06-30T09:49:22.847-04:002009-06-30T09:49:22.847-04:00The appeal halts all moves by ESDC to proceed with...The appeal halts all moves by ESDC to proceed with relocation and the EDPL Article 4 vesting proceeding. The project has just ground to a halt. There certainly will be no groundbreaking in 2009, and probably no groundbreaking ever. Or maybe the basketball coach sees it differently.Georgehttps://www.blogger.com/profile/17702052598118185128noreply@blogger.com