MATTER OF METROPOLITAN TRANSP. AUTH. v. RIEDI

12833, 401875/09.

118 A.D.3d 590 (2014)

987 N.Y.S.2d 166

2014 NY Slip Op 4579

In the Matter of METROPOLITAN TRANSPORTATION AUTHORITY, Respondent, v. CONRAD RIEDI et al., Appellants.

Appellate Division of the Supreme Court of New York, First Department.

Decided June 19, 2014.


The agency's application of a 6% net present value discount to the lump sum payment it made under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 USC § 4621 et seq.) (the Act) as replacement housing assistance for the displacement of the tenants in connection with the Second Avenue Subway Project was neither irrational (see e.g. Matter of Partnership 92 LP & Bldg. Mgt. Co., Inc. v State of N.Y. Div. of Hous. &...

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