Bush v. Kelo v. New York Times

President Bush Friday prohibited federal agencies from seizing land under eminent domain for private development, a stroke of the pen that opponents to Atlantic Yards will undoubtedly welcome. It’s another matter whether the executive order will make any difference, since in Brooklyn, like Times Square before it, it will be the state, rather than the feds, that will assume the deed. And on the same day, the state legislature approved $100 million for the Nets arena-and-housing complex, although the project is still awaiting approval.

Meanwhile, The New York Times editorial board says eminent domain should be limited to “truly public purposes“–such as its new headquarters on 41st Street and Eighth Avenue.

-Matthew Schuerman

Via Real Deal