How ACORN Profits from New York’s Eminent Domain Abuse
by Damon RootLast month, New York’s highest court heard oral arguments in the case of Goldstein v. New York State Urban Development Corporation. At issue was the state’s controversial seizure of private property on behalf of a 22-acre development project known as the Atlantic Yards. Situated in central Brooklyn, this taxpayer-subsidized boondoggle was the brainchild of real estate tycoon and New Jersey Nets owner Bruce Ratner, who wants to build an “urban utopia” complete with more than a dozen office and apartment towers, a 180-room hotel, and a fancy new basketball arena for Ratner’s Nets to call home.
Real Estate Tycoon Bruce Ratner and ACORN's Bertha Lewis
To get his way, Ratner turned to his buddies in big government, specifically the Empire State Development Corporation, a controversial state agency with the power to bypass zoning laws and seize private property via eminent domain. In other words, this is a classic case of eminent domain abuse. Ratner isn’t building a bridge or a tunnel or any other legitimate public project that might justify the forceful taking of private property by the state. He wants to build a basketball arena, sell tickets to the games (not to mention broadcast rights, concessions, and luxury boxes), and collect a big fat profit.
So what in the world is ACORN, a self-described champion of “social and economic justice” and “low- and moderate-income people” doing in bed with a shady corporate powerbroker like Bruce Ratner? Let’s follow the money.
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