How current events impact business & real estate

Monday, February 22, 2010

Brooklyn Nets

Lets talk about the Atlantic Yards Project. Some local private property owners tried to block the eminent domain taking of the Atlantic Yards by saying the project was not for a "public use". They lost, it is a "public use", but what is a "public use"? It is a project that has a dominant public purpose said the Court of Appeals when defining the area as substandard and insanitary with a need for rehabilitation.

Do you think its fair for the government to take property and allow a developer to make a profit on that property?

Also, did you realize that the Long Island Real Estate Blog includes Brooklyn. Lieb at Law considers any part of the island to be part of Long Island. Do you agree?

More importantly, LETS GO NETS! (now when are we getting LeBron?)

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