DailyHeights

From AllHipHop.com: "Jay-Z’s involvement with a group of investors that purchased the New Jersey Nets won him accolades as a business man, but  some residents in the Prospect Heights section of Brooklyn are singing a different tune.

Yesterday (March 28) almost 400 people turned
  out to protest a planned 19,000 seat arena that developer Bruce Ratner, who led the purchase of the Nets, has on the drawing board …

Almost 500 residents and businesses stand to be displaced under the "eminent-domain" law, which is the right of a government to appropriate private property for public use.

Patti Hagan, spokesperson for the Prospect Heights Action Coalition … Read complete article.

AllHipHop.com reports on the $300 million the new Jersey Nets owners accepted from the investment group including
Bruce Ratner and Jay-Z: "The acceptance means
that group is one step closer to realizing their goal of moving the
team to Jay-Z’s hometown of Brooklyn, New York."

"The sale has sparked criticism from a variety of people … New York Knicks owner James Dolan is reportedly lobbying hard against
bringing the team to New York, while residents in the area expressed
their own concerns about the a proposed $600 million dollar sports
complex…"

"The acceptance of the
$300 million dollar bid ends a bidding war between Jay-Z’s group and a
group led by Charles Kushner and Senator Jon Corzine." … Read full article.