There's a historical pattern in this state of the government going after private property multiple times using the threat of eminent domain, until it's finally developed by one of their preferred parties. And each and every time, there are developers salivating over the prospect of being handed cheap land without having to go through the time, cost and effort of acquiring it themselves. Take the Atlantic Yards project, for example which actually was resurrected in order to enrich then-Governor Pataki's college roommate, Bruce Ratner.
The Urban Development Corporation, now known as the Empire State Development Corporation, was looking to site a sports arena in or near NYC way back in 1985. Sites evaluated included Atlantic Terminal, Flushing Meadows (including Willets Point), Coney Island, Midtown near Madison Square Garden, Sunnyside Yards, Yonkers Raceway and Co-Op City.
Atlantic Terminal was eventually ruled out because it would compete with existing venues.
So we're wondering why there has been a new need identified for that location when there are more large venues available now than in 1985.
The proposed project also has a much smaller footprint now, calling into question whether or not it will pay off. Although I suppose that doesn't really matter to Ratner since we taxpayers will be left footing the bill whether it fails or not.