NEW YORK (Reuters) - The troubled Atlantic Yards project, a multibillion-dollar redevelopment in Brooklyn, came under renewed fire on Tuesday as a group of elected officials and consumer advocates filed a lawsuit seeking to annul the sale of the site. The suit, brought by the New York public interest group Straphangers Campaign, the advocacy group Develop Don't Destroy Brooklyn, State ...

Right out of the gate, justices had a few questions for the lawyers petitioning the State Supreme Court's Appellate Division in a hearing Monday morning to block eminent domain for Forest City Ratner's Atlantic Yards development in Brooklyn. "Can we really determine that in this framework?" interjected Justice Randall Eng, just barely after Jennifer Levy, an attorney representing ...

Lee Sander, the M.T.A.’s executive director, this morning at a Crain’s breakfast forum (briefly) entertained the possibility that his agency’s $1 billion West Side rail yards deal with Stephen Ross’ Related Companies could collapse, as the M.T.A. is “involved in very sensitive negotiations” with the company. “I’m loath to engage in hypotheticals ...

Cities push back against states over budget cuts in tougher times. [WSJ] Op-ed: Madoff exploited religious connections. [WSJ] A source says Gehry layoffs were because Forest City Ratner refused to pay for further Atlantic Yards design revisions. [NYDN] "Yes, the Bowery is booming." [NY Post] Massey Knakal looking for equity partners. [TRD] Apthorp managers file $500 million lawsuit against Apollo ...