NY Sun Makes Some Conservative Sense

If you’re going to be a conservative publication, at least get your principles right. Unlike the NY Post, The Sun has the good sense to stick to its ideological guns in the Atlantic Yards debate. And while we don’t share the paper’s lack of concern about the density of the project, it’s refreshing to see an editorial position shaped more by ideals than political pettiness:
We start out from a position of favoring private-sector building and investment in New York City.We have no objection to the density of the $4.2 billion plan by developer Forest City Ratner to build a Nets basketball arena and housing designed by Frank Gehry near the Atlantic Avenue subway stop in Brooklyn. Initial indications were that the project would be primarily privately funded and that, because most of the land for the project was either owned by the Long Island Rail Road or had been privately acquired, the use of the government’s power to condemn property through eminent domain would not be needed. It is good news that Forest City Ratner is interested in investing this much money in Brooklyn.
The project, however, has evolved considerably since it was first announced…
…First, as Mayor Bloomberg kissed Bertha Lewis, the New York executive director of the Association of Community Organizations for Reform Now, developer Bruce Ratner agreed to devote half of the rental units on the site — 2,250 of 4,500 apartments — to affordable housing. That opened the door for Forest City Ratner to seek subsidies for those units in the form of tax-exempt financing. The project started to look less like free-market investment and more like a classic market-distorting income-redistribution scheme in which the hardworking taxpayers of New York pay the price for those few lucky enough to score an affordable apartment.
Now comes the news that Mr. Pataki’s Empire State Development Corporation is moving to evict what the New York Post reports are 60 households and 13 businesses using eminent domain power. With the notable exception of the Brooklyn Papers, a chain of weeklies in Kings County, the press has been cheering on this trampling of property rights. The Daily News ran an editorial in support of the project, and a New York Post editorial this past week sneered at the project’s opponents as misguided, ivory-tower, eminent-domain purists.As for the New York Times, Forest City Ratner is the New York Times Company’s partner in building the paper’s luxurious new affordableheadquarters near the Port Authority bus terminal in Manhattan, which itself involved the use of eminent domain condemnation.
We’ve sat through the Bloomberg administration’s presentation on the importance of eminent domain as an urban development tool,and we don’t mind saying we were unmoved.The administration itself trumpets as an eminent domain success story Forest City Ratner’s own Metrotech center in downtown Brooklyn. That development is lifeless after 6 p.m. and integrates poorly with the surrounding neighborhoods. Everything that Mayor Bloomberg did not like about the World Trade Center is on display at Metrotech.The strongest argument made by proponents of using eminent domain for private projects is that if the practice is barred, the illogical result is that it would be legal to seize homes for a new jail or a new public housing project, but not for projects that might be better for a neighborhood, such as restaurants, hotels, or luxury condominiums.
The problem is that the concern about property rights is bedrock. It’s Locke. It is one of the ideas upon which this nation was founded. It is also essential. Who would plunk down $1 million or more for one of Mr. Ratner’s condos knowing that some powerful developer allied with the government could come along and roust him for some better project? It isn’t only Atlantic Yards and the Times headquarters. Justice Thomas warned, in his dissent from the Supreme Court’s decision in Kelo v. New London, of the far-reaching, and dangerous, result of the court’s majority opinion.
Eminent Danger [NY Sun]
Photo by silkcut
Feb 13, 2012 | 10:33 AM