BROOKLYN - While some stores expect a major windfall from Brooklyn?s planned Nets arena, others are crying foul over eminent domain.
Several business owners are eagerly anticipating the completion of the Atlantic Yards project. The arena ? complete with retailers, business space and housing ? will bring more foot traffic and pocketbooks to the downtown area. A state board unanimously approved the $4 billion deal Wednesday.
However, 10 people are suing developer Forest City Ratner in federal court. They argue the city?s use of eminent domain to seize their property is unconstitutional. Oral arguments in the case begin January 19, 2007.