Chuck Schumer on MetLife's free-ride off eminent domain


[via The Daily Gotham - Chuck Schumer at Stuy-Town Press Conference]

Upon reviewing these video clips, there's one thing that I just realized about Schumer's shpiel : He's calling out MetLife's possible use of public land for free due to eminent domain as a playing card in the negotiations.

Does this mean, if it is true they did not pay for the land, that there are potential grounds for demanding from the company to pay what is owed to the city and with interest? Could there actually be any repercussions to MetLife's weaseling out of paying for the land they used to develop Stuy-Town?

More importantly, what effects, if any, could this have on development projects like Atlantic Yards and Williamsburg?

Hmmmmm.

You can find this clip at YouTube as well.

http://dailygotham.com/blog/liza_sabater/chuck_schumer_on_metlifes_free_ride_off_eminent_domain
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Liza Sabater is the founder and publisher of The Daily Gotham. You can reach her at nyc.blogdiva@gmail.com.

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coward's picture

wow.nice work Liza.

wow.nice work Liza.

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