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Brucehandstrong t1_j9vwuw7 wrote

Reply to comment by Pool_Shark in MSG could force taxpayers to pay $8.6 billion if NYC doesn't renew its permit by HawtGarbage917

Why does that make it a bad location?

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Arleare13 t1_j9w7hqr wrote

Because it prevents the busiest train station in the county from being expanded to meet current needs, or even maintained at modern standards.

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akmalhot t1_j9wnjg0 wrote

So they take it and pay for the eminent domain ? Can't have it both ways

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EzNotReal t1_ja7p57e wrote

Why comment when you clearly haven’t even read anything about the situation?

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akmalhot t1_ja7qgyu wrote

Uh, what?

They're trying to get around eminent domain value by not issuing their permit, the only major stadium in the city required to have a permit to operate.

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EzNotReal t1_ja7qth8 wrote

As if MSG was unaware when they signed the lease what the terms were? They knew this could happen, why should they not have to abide by the terms of the lease?

Don’t really see how what you’re saying is relevant.

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[deleted] t1_ja7sagu wrote

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[deleted] t1_ja7sjrr wrote

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akmalhot t1_ja7tenr wrote

Hey, genius redditor who doesn't know the different between permits and leases knows more than prominent eminent domain lawyers !... Amazing

"Michael Rikon, an attorney whose law firm focuses on eminent domain — cases in which government takes or restricts private property — says said he agreed with MSG’s claim that it’s being singled out, given that MSG owns the property and has successfully operated it.

If the city denied the MSG permit, Rikon said, “Just compensation would be required."

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