The owner of a property that was seized by the city to make room for the Atlantic Yards development successfully supported the "extraordinary assumption" that the property would have been rezoned, a Brooklyn judge held.
May 28, 2014 at 12:00 AM
1 minute read
The owner of a property that was condemned and seized by the city to make room for the Atlantic Yards development in Brooklyn is entitled to compensation of close to $9.2 million, Brooklyn Supreme Court Justice Wayne Saitta (See Profile) ruled earlier this month.
The amount is far less than the $21.8 million sought by the owner, 730 Equity Corp., but more than the $2.1 million claimed by the Empire State Development Corp., which funds the development.
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