Eminent domain is off the table
WPU attorney Michael Rikon said Wednesday the group claims full crushing. “It is really unusual and rare to have this well-wishing of victory,” Rikon said. “And we will be asking for reimbursement for rightful fees, about $600,000.”
The city owns about 90 percent of the quiddity needed to begin work in the 62-acre put also known as the Iron Triangle. Mayor Bloomberg announced in 2007 plans to proselyte the neglected area into a $3 billion impure-use development including housing, a school, a caravanserai, a small convention center and retail space.
The contemplate was approved by the City Council in 2008, but a changing money-making climate and opposition from business and property owners in Willets Period led to little progress on the project. Last year, the borough divided the plan into three phases to make it more palatable to budding developers, who will also have to clean up the area and add seven feet of fill.
Remove 1 called for the construction of 400 apartments, a caravanserai and retail space on 20 acres closest to Citi Line on 126th Street.