Ratner’s Heavy Hand Cuts Both Ways

buildingConcern over the scale of the proposed Atlantic Yards development and the use of eminent domain tend to dominate the discussion, and rightfully so. However, what is often overlooked is how well a few people did in their buyouts. At 636 Pacific Street (photo), for example, The Times reports that most people received more than twice what they paid only a year or so earlier. “We got a premium on this lemon of a building that turned into a great investment for us,” said Mark Klein, the former president of the condominium board. The last hold-out at 636 is DDDB’s Dan Goldstein, who’s reportedly facing condemnation by the state if he doesn’t play ball. Renters, however, have had their lives disrupted often with only a few thousand dollars in compensation.

In other Ratner news, Bruce gets a shout-out in the new theme song rap for the Nets:

&nbsp &nbsp We brought Kidd from the Suns/Vince from the Raptors
&nbsp &nbsp Elite in East/Since Erving was in the rafters
&nbsp &nbsp Check the skybox/Blackberry active
&nbsp &nbsp Making transactions/ It’s Bruce Ratner.

Cringe.
Some Find Greener Grass [NY Times]
A Rap for Nets Owner [NY Post]

By Brownstoner |