Funds Talk: September 2015
Kramer Levin Wins First Circuit Appeal Declaring Puerto Rico’s Restructuring Act Unconstitutional
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Land Use Counsel James Greilsheimer was quoted in a New York Sun article about the proposed use of eminent domain to take over the site of Pfizer Inc.'s 15-acre factory in Brooklyn. New York City Assemblyman Vito Lopez has proposed the measure so the site can be developed into affordable housing. Pfizer is objecting to the bid, saying that affordable housing is being already being considered for the site. Greilsheimer said if affordable housing is needed, and there is no other way to obtain it, then eminent domain would be agreeable, but that all factors need to be considered before a final decision can be made. He also said that eminent domain is one of the most absolute tools the government has available.