Eminent Domain Decision Favors Atlantic Yards

BROOKLYN, NY-Forest City Ratner Cos.’ Atlantic Project got the green light on Friday when the US Court of Appeals rejected a lawsuit that challenged the constitutionality of the state’s use of eminent domain for the site. The lawsuit was filed by 14 property owners, business owners and tenants facing eviction.

The original suit was dismissed in June 2007, as GlobeSt.com reported, and the dismissal was later affirmed by the Appellate Division in Oct. 2007. Two weeks ago, opponents suffered another defeat when the New York State Supreme Court ruled against them in a case involving environmental review procedures, as GlobeSt.com reported.

Bruce Ratner, CEO and chairman of Forest City, says in a prepared statement that “today’s decision is more than another victory for Atlantic Yards; it is a victory for public good and the importance of investing in diverse communities throughout the City. Atlantic Yards will bring thousands of affordable homes and needed jobs to Brooklyn. We believe, and the courts have repeatedly agreed, that these are real benefits that will have a significantly positive impact on the borough and the City.”