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Court of Appeals Will Hear AY Eminent Domain Case
The Atlantic Yards end game just got a whole lot more complicated. Despite claims on May 15 by Forest City Ratner CEO Bruce Ratner that the unanimous dismissal of the state eminent domain case in May “is really the last hurdle,” the state’s highest court, the Court of Appeals, has accepted (PDF) an appeal in the case and won’t hear oral arguments until the middle of October…At the very least, the appeal delays Forest City Ratner’s announced plans to begin construction by October and severely narrows–but does not close–the window of opportunity to have crucial tax-exempt bonds issued by the end of the year. — Atlantic Yards Report
06/30/2009 11:11 AM
jennytabassum
Feb 06, 2012 | 12:32 PM