AWARD WINNING EDITORIAL
JULY 12, 2021 VOL. 57, No. 28
I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N
westfaironline.com
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The properties that had been considered for eminent domain stretch from South Lexington Avenue to Winchester Street. They are across from White Plains Hospital. Photo by Bob Rozycki.
Appellate Court: White Plains plan to take East Post Road properties lacks ‘evidence’ and ‘purpose’ TWB Loan Decision BY PETER KATZ pkatz@westfairinc.com
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he Appellate Division of New York state Supreme Court has annulled the action of the White Plains Urban Renewal Agency that would have had the agency using eminent domain to take a number of properties along East Post Road.
The court found on June 30 that the agency did not demonstrate that it had a specific public purpose for the taking and did not provide evidence that the area was blighted as it claimed. The court not only annulled the agency’s determination that it could go ahead with taking the properties, but also said, “The petitioners (landlords who sued) are entitled to be reimbursed for attorneys’ fees and costs.” Appellate Court Judges J. P. Rivera, Christopher Barros and J. J. Wooten
Banner Ad signed6”the w decision. x 1.5” h The corporation coun7-6-21 sel for the city of White Plains, John Callahan, told the Business Journal that the city received the court’s decision on July » APPELLATE COURT
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How strong is CT’s economy? It depends upon whom you ask BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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espite the relatively sunny economic outlook for Connecticut as it emerges from the pandemic, not everyone is convinced that things are as rosy as they
seem. On the plus side, the state expects to wrap up the current fiscal year, which ended on June 30, with a $157 million surplus, as well as a historically high rainy day fund balance of nearly $4.38 billion. Since the latter
exceeds the 15% volatility cap threshold, the excess — $1.2 billion — must be transferred to either the state employees’ retirement plan or to the teachers’ pension fund, marking the second consecutive year that such pay» CT’S ECONOMY
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