Hoboken Votes To Use Eminent Domain Take NY Waterway Dry Dock In Real Estate Fight

HOBOKEN, N.J. (CBSNewYork) – The battle between Hoboken and New York Waterway over real estate along the Hudson River has taken a new turn.

The Hoboken City Council voted on Wednesday to allow the use of eminent domain to buy Union Dry Dock from New York Waterway for $13 million.

MORE: Exclusive: As Showdown With Hoboken Over Dry Dock Nears, NY Waterway Shows CBS2 Its Outdated Operations

The company wants the site for a ferry maintenance depot, but Hoboken wants to turn it into a park.

The city says it will negotiate with the company before enforcing eminent domain.

New York Waterway says it will fight to keep the site.

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