{"id":113,"date":"2019-01-15T22:22:02","date_gmt":"2019-01-16T03:22:02","guid":{"rendered":"http:\/\/sites.wofford.edu\/terrelltd\/?p=113"},"modified":"2019-01-15T22:22:02","modified_gmt":"2019-01-16T03:22:02","slug":"brooklyn-land-seized-for-basketball-arena","status":"publish","type":"post","link":"https:\/\/sites.wofford.edu\/terrelltd\/2019\/01\/15\/brooklyn-land-seized-for-basketball-arena\/","title":{"rendered":"Brooklyn Land Seized for Basketball Arena"},"content":{"rendered":"<p>This blog post by Timothy Terrell originally appeared on November 24, 2009 on the now-discontinued Market Process Blog, published by the\u00a0<a href=\"http:\/\/sb.cofc.edu\/centers\/publicchoice\/index.php\" target=\"_blank\" rel=\"noopener\">Initiative for Public Choice and Market Process<\/a>\u00a0at the College of Charleston.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>A New York court <a href=\"https:\/\/web.archive.org\/web\/20120316195103\/http:\/\/online.wsj.com\/article\/SB125907445356162357.html?mod=igoogle_wsj_gadgv1&amp;\">has decided<\/a> that the state may seize privately owned land in Brooklyn under the eminent domain power for the purpose of building a development to include apartments, office buildings, and an arena for the New Jersey Nets. &#8220;The New York justices, writing in <em>Daniel Goldstein v. New York State Urban Development<\/em> <em>Corp<\/em>., ruled that it was lawful under the state&#8217;s constitution for the state entity to seize the downtown Brooklyn land to improve blighted conditions,&#8221; writes the Wall Street Journal today.<\/p>\n<p>The court may be right about what the state constitution allows. However, an expanded definition of &#8220;blight&#8221; should be a matter of concern even to those who might approve of the idea of eminent domain. Any low-income neighborhood could be subject to seizure. Indeed, concern over an expansive interpretation of the eminent domain power prompted many states to amend their constitutions after the infamous <a href=\"https:\/\/web.archive.org\/web\/20120316195103\/http:\/\/fee.org\/pdf\/the-freeman\/1105LeefArticle.pdf\"><em>Kelo<\/em> decision<\/a> took private residences for a Pfizer development project in 2005. Yet the eminent domain power remains a dangerous source of uncertainty over property rights. As the role of government expands, the range of projects that might be deemed a &#8220;public purpose&#8221; could extend further.<\/p>\n<p>From an economist&#8217;s perspective, if the value of the land as a development is truly greater than its opportunity cost (in its current use, at least), the developers would be able to compensate the current owners. This is not the only 22-acre tract in the New York City area suitable for an arena, and therefore a holdout problem seems unlikely here, even if holdout problems alone were enough to justify eminent domain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This blog post by Timothy Terrell originally appeared on November 24, 2009 on the now-discontinued Market Process Blog, published by the\u00a0Initiative for Public Choice and Market Process\u00a0at the College of Charleston. &nbsp; A New York court has decided that the state may seize privately owned land in Brooklyn under the eminent domain power for the [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/posts\/113"}],"collection":[{"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/comments?post=113"}],"version-history":[{"count":0,"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/posts\/113\/revisions"}],"wp:attachment":[{"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/media?parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/categories?post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.wofford.edu\/terrelltd\/wp-json\/wp\/v2\/tags?post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}