Supreme Court Will Not Hear Appeal Against Atlantic Yards
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U.S. Supreme Court Declines To
Hear Appeal Against Atlantic Yards |
The U.S. Supreme Court yesterday "declined to hear an appeal by about a dozen [N.Y.] property owners and tenants whose homes and businesses are scheduled to be taken over by the government and demolished to make way for the $4[B] Atlantic Yards project in Brooklyn," which includes the Nets' new Barclays Center, according to Sewell Chan of the N.Y. TIMES. The Supreme Court's decision "was a victory" for N.Y. Mayor Michael Bloomberg and Nets Owner and Atlantic Yards developer Bruce Ratner. The plaintiffs "vowed to continue their legal fight by pursuing other arguments." But Ratner said in a statement, "The opponents have now lost 20 court decisions relating to Atlantic Yards, and we are now one step closer to making these benefits a reality for the borough and the city" (N.Y. TIMES, 6/24). The plaintiffs said that they now plan to file their case against Forest City Ratner Cos. in the State Court of New York (CRAINSNEWYORK.com, 6/23).
MOVING FORWARD: A N.Y. POST editorial written under the header, "A Win For Atlantic Yards," states the court's ruling is a "step forward" for the project. The city "needs this development -- not just for the housing, the jobs and the civic pride that comes with a brand new New York sports team, but also for new taxable property that the project would provide." But a "long line of legal hurdles for Ratner & Co. ... have already pushed construction back years and threatened to scare away investors." And Ratner "can't break ground on the Nets' arena until the state's chief development agency goes before a judge to defend its environmental-impact study of the project" (N.Y. POST, 6/24).
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