June 22, 2010

Nets Arena Built Under Dubious Eminent Domain Deal: An opinion piece on new New Jersey Nets owner Mikhail D. Prokhorov brings up an ugly fact about the arena the team is building in Brooklyn. Prokorov's partner Bruce Ratner, the previous Nets owner and the owner of its new arena, used eminent domain and a dubious claim the area was "blighted" in order to take it over or redevelopment. In January, George Will called it "an especially egregious example of today's eminent domain racket." Norman Oder's Atlantic Yards Report blog has more details.

posted by rcade to basketball at 01:54 PM - 1 comment

Happens everywhere ... Newark did the same thing for The Rock. Now the Devils and city are fighting, and negotiating, and fighting over money which may be owed to the city. Nets ought to have a fun time there.

posted by jjzucal at 09:16 PM on June 22, 2010

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