New York's highest court ruled Tuesday that it's lawful for a state economic development agency to seize private land to build an arena for a professional basketball team.Big government in action.
The 6-1 ruling by the New York State Court of Appeals allows the contentious $4.9 billion, 22-acre Atlantic Yards project in Brooklyn, N.Y., to proceed. The proposed development includes office towers, apartments and a new arena for the NBA's New Jersey Nets.
It's a victory for developers and government entities in New York that have sought to boost local economies with new development. But it is a blow to private-property owners
Tuesday, November 24, 2009
N.Y. Supreme Court Rules Private Land Can Be Seized for NBA Arena
The Wall Street Journal reports:
