Categorized | Finance, Finance News

Court: NY can seize property for new NJ Nets arena (AP)

ALBANY, N.Y. (AP) — New York’s top court ruled Tuesday that the state can use eminent domain to force homeowners and businesses to sell their properties for a massive development in Brooklyn that includes a new arena for the New Jersey Nets. In a 6-1 ruling Tuesday, the Court of Appeals said the Empire State Development Corp.’s finding that the area was blighted was enough to justify taking the land.

See the article here:
Court: NY can seize property for new NJ Nets arena (AP)

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2010-09-08 11:54