Rezoning and eminent domain (and landmarking) have been the hottest topics in Brooklyn development over the years, and a group of Williamsburg property owners are saying they’re one in the same. Dozens of property owners affected by last week’s Grand Street rezoning are preparing to sue the city, as detailed in The Real Deal. The owners charge the proposal was ramrodded through the approval process to prevent their participation. One petitioner said eminent domain is almost better. “The government is required to compensate you for the loss at some sort of market rate,” he said. “Whereas in zoning … there’s no requirement for compensation and a very limited requirement for notice.” John Isdith and his father, Carlos, pictured above, are among dozens of small-time developers who, now forced to reduce their project, said they’re considering joining the suit. Do the two have similarities? Which is more unfair—downzoning or eminent domain?
Williamsburg Developers, Homeowners to Sue City [TRD]
Council Green-Lights Grand Street Rezoning [Brownstoner]