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June 24, 2008

Supreme Court won't hear Nets case

The U.S. Supreme Court has declined to hear an appeal of the lawsuit against use of eminent domain to clear land for Brooklyn's Atlantic Yards project, which would include an arena for the New Jersey Nets. The plaintiffs say they'll now file a similar suit in state court, but that's considered an even longer shot to succeed.

Don't expect the steamshovels to power up just yet, though: A pending appeal of a state case challenging the project's environmental review is still set to be heard in September, and yet another state lawsuit (by tenants on the site) has just started working its way through the courts. Add in that developer/Nets owner Bruce Ratner is still uncertain how much of the project he can afford to build, that the proposed financing plan might be illegal under new IRS regs, and that local elected officials are demanding a moratorium on new demolition until Ratner can confirm that all the promised housing will be built, and Atlantic Yards' prognosis still needs to be considered "questionable."


These guys aren't going to win. Goldstein should just quit. Icant wait to see vince carter dunk a basketball in brooklyn. It will be fannnnnnnntastic

Posted by dan on June 24, 2008 04:57 PM

Don't hold your breath.(The rest of us taxpayers are not as eager as you are to hand over our $$ to a fabulously wealthy developer/team owner.)

Posted by audrey on June 24, 2008 05:35 PM

Agreed Audrey. I would expect the NBA to succeed in moving the Nets to Seattle or Oklahoma City before Brooklyn gets an arena. Heck, this might mean that the Yankees could end up spending 2009 and beyond in old Yankee Stadium due to the problems with this project. The justices might have seen something that would have stopped construction of the new stadium had they ruled on the case.

Posted by Jessy S. on June 24, 2008 08:03 PM

Dan, you are delusional. PruCenter, here come your New Jersey Nets!

Posted by LeftWingCracker on June 25, 2008 08:29 PM

The nets aren't going to newark so knock that off cracker. They will be headed to brooklyn .Juniors here Icome.

Posted by dan on June 28, 2008 01:54 AM

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