Yeah, we know...
You're looking at us like "What in the hell are you doing putting this story up here...???"
Understand... we wouldn't do it if we didn't think you'd need to know about things like this down the line...
New York's Court of Appeals 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, the Court said the Empire State Development Corp.'s finding that the area was blighted was enough to justify taking the land.
A group of tenants and owners claim the seizure is unconstitutional. They argue that developer Bruce Ratner's proposed $4.9 billion, 22-acre Atlantic Yards project mainly enriches private interests, while the state constitution requires public use for taking land.
Okay... now that you've read the official mumbo-jumbo from a leagl standpoint... what does this all mean...???
Simple... if this legal precedent sticks... it means that any team that wants ((what they think is)) prime real estate to build an arena or stadium- they can take it and give you whatever amount of money they deem "fair."
The lesson here... live in an area that will never be suitable enough to build a new home for your hometown sports team... live far away or in the air somewhere...
Here how our friends at MyFoxNY and Fox5 covered the deal...
Believe us.. this was a "deal..."
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