A New York hedge fund that was one of its largest lenders recently took control from Denver developer Bruce Deifik as losses continued to mount. It has since reopened as Ocean Resort but is still plagued by financial problems. When the case was first decided in 2016, the casino, then called Revel, had declared bankruptcy and shut down. “Since Kelo was decided, greater judicial and legislative scrutiny of redevelopment-based takings has occurred," the court wrote in Friday’s ruling.īirnbaum retained the right to keep the home his parents, who were Holocaust survivors, bought in 1969, because the state’s Casino Reinvestment Development Authority could not provide assurance that its plans for the property and surrounding area “would proceed in the reasonably foreseeable future,” the court ruled.Ī CRDA spokesperson said the agency would “respect the court’s decision." City of New London, which allowed the government to take people’s homes for private development." Supreme Court ruling in the infamous case of Kelo v. His advocates hailed the decision, released in a 29-page ruling Friday, as another salvo in a “nationwide … backlash against the U.S. ATLANTIC CITY - A New Jersey appellate court has sided with Atlantic City piano tuner Charlie Birnbaum in his long-running fight to keep his family home in the shadow of the Ocean Resort casino from being seized by the state through eminent domain.
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