Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

eminent domain

Apr 07, 2011

IN THE NEWS: Property Owner and Developer Split the Difference in Arbitrated Eminent Domain Dispute

The Star-Ledger reports: Arbitrators awarded property owner Steve Adler $24 million for 10 acres of property near the PATH station and the Red Bull Arena soccer stadium.  The developer, Richard Miller of the Hoboken-based Pegasus Group, was helped by the Harrison Redevelopment Agency, which used its power of eminent domain, condemning the property, which would ostensibly allow the developer to acquire the land for less than its actual value.  » Read More

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