DDDB Sues MTA for Sweetheart Deal With Forest City Ratner

For those hoping that the only court we would be talking about after tomorrow was the basketball court, I am sorry, but that isn’t going to happen.  Develop Don’t Destroy Brooklyn sent out a press release this morning stating that they, along with a few elected officials and the Straphangers Campaign have sued the MTA.  They are suing them for the June 24th deal it made to sell its 8.5-acre Vanderbilt Rail Yard to developer Forest City Ratner for its proposed 22-acre Atlantic Yards plan in Prospect Heights, Brooklyn.

I think that it is important to note that this is coming on the eve of what was supposed to be the biggest court case in the whole Brooklyn situation.  This suit is yet another case that the Nets are going to have to deal with and resolve before they can put the shovel in the ground.  This might not be the last one either as Mark has alluded to, there’s buzz that they want to sue the Empire State Development Corp. as well.  This now turns into a clock management issue (mandatory sports term!) for the Nets and their lawyers as they continue to navigate the legal obstacles that DDDB put out.  This is because if construction doesn’t start by December 31, they may lose their tax exempt bond status.