“The Supreme Court ruled on Thursday, in one of its most closely watched property rights cases in years, that fostering economic development is an appropriate use of the government’s power of eminent domain.”
Read more in the Times.
The case was in New London, CT but has local relevance in terms of Ratner’s project for downtown Brooklyn and other proposed projects in NYC.
There’s also an article in the Daily News about the Supreme Court decision as well as a human interest story on the effects of Ratner’s eminent domain land-grab.
And in case you needed further convincing of how unethical and rapacious landlords and developers are, the Daily News also has an article about how rent hikes in Kips Bay are forcing out tenants. Kips Bay Court was formerly a Mitchell-Lama development known as Phipps Plaza West but was taken out of the program early:
“Phipps Houses president Adam Weinstein did not return calls seeking comment. His organization - a century-old affordable-housing provider - took Phipps Plaza West out of Mitchell-Lama after it was sued by investors who wanted it converted to a market-rate property.”
The tenant profiled in the article is a quadriplegic named Sue Strong:
“Her rent was raised to $3,000 per month from $792 - and even with a federally funded Section 8 voucher to pick up part of the tab, Strong isn’t paying as much as the landlord wants. The personal funds she was living on have run out, and she’s only got a monthly Social Security check of $653.”
This is despicable.
Everyone wants a vibrant NYC with a healthy economy, everyone wants to help NYC grow and be economically viable. But if you force everybody out and make rents completely unaffordable, you ruin the fabric of the city, you kill its lifeblood.
If elected Mayor I will take on these rapacious, greedy landlords and work to create more housing for people, stronger rent controls and development accountability. New York for New Yorkers not just billionaires!