From the Daily News:
Martin McLaughlin, spokesman for the property owner, Hutch Realty Partners, an affiliate of the Simone Development Cos. of New Rochelle, echoed, "We're still negotiating with the city, and hopefully we'll come to a good conclusion soon."
Hey, why no eminent domain? This has been going on for years and is the perfect example of a public use. I guess the rules are different when a developer owns the property.