Last Atlantic Yards Hold-Out Sells out for $3 Million

April 21st, 2010

From the NY Times:

The last man standing in front of the Atlantic Yards bulldozer has stepped aside.

Daniel Goldstein — founder of the anti-Atlantic Yards group Develop Don’t Destroy Brooklyn and plaintiff in numerous unsuccessful suits against the $4.9 billion project — has reached an agreement with the project’s developer, Forest City Ratner, to move out of his condo on Pacific Street in Prospect Heights.

Mr. Goldstein confirmed that he would receive $3 million from Forest City. He bought his condo in 2003 for $590,000, but the state seized title to itunder eminent domain last month, leaving Mr. Goldstein facing eviction. Mr. Goldstein said he would move by May 7.

At least Goldstein’s courageous stand against the eminent domain bulldozers allowed him to obtain a handsome sales price.  But Atlantic Yards will go down in the annals of great property rights defeats. Fail.