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akmalhot t1_ja7qgyu wrote

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

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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