CEO Sues Southampton Over Hoops Dreams Deferred

This CEO wants $36 million for being denied his request to build a basketball court
This CEO wants $36 million for being denied his request to build a basketball court
Cantor Fitzgerald CEO Howard Lutnick wanted to build a basketball court on his 40-acre estate in Southampton. The Southampton Town zoning board said no. Now, according to The New York Post, Lutnick has slapped the zoning board with a $36 million law suit, claiming "that his purchase of the land came with specific land use rights that included a single-family home and 'recreational' uses."

In a kind of legal pick and roll, the suit comes on the heels of a $20 million suit by Lutnick against the Southampton Town planning board and farming advisory board earlier this year after they blocked a proposed 11,200-square-foot barn that he wanted to build on the property. (They told him that he could build a 2,400-square-foot version.)

“He’s basically saying this is war — he’s had enough,” said one of the sued parties. “When you own a property like that, you don’t like to be told what you can or can’t do on it.”

James Barrett April 17, 2014 at 01:40 AM
What's the big deal. It's his land. Let him build whatever he wants. I'm tired of the government telling us what we can or can not do on our own property.
charles rimicci April 17, 2014 at 07:07 AM
why should he be any different than any one else what b.s.
the owl April 17, 2014 at 09:22 AM
Time for Mr. Lutnick and his ilk to leave town. How can we help?
Walter S April 17, 2014 at 05:54 PM
When someone sues the town, the town does not pay the settlement, all the other taxpayers pay it along with all the legal costs including the lawyers salaries. I for one am tired of these frivolous lawsuits. If the town loses, prepare for a tax increase.
rita April 17, 2014 at 07:58 PM
Jim, I don't like the govt telling me what to do either, but I don't know if you've noticed what the Town of Southampton has done to Southampton. Wait till we all try to get on the beach. The east end can't hold all the over building that's going on. The building that's going on now will sap our water, energy and everything else we loved about this area, never mind ever trying to evacuate. The Town wants revenue plain and simple and they don't care what gets built. The government works for all of us good or bad.


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