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LG's new US HQ is a go after judge rules it's not an eyesore

LG gets approval from Superior Court judge to move forward with new US headquarters construction (KRX:066570)

| Business, Financial & Legal News | Posted: Aug 12, 2013 4:19 pm

LG's plans to build a new US headquarters on the banks of New Jersey's Hudson River met some harsh resistance after two lawsuits threatened to derail the plans on grounds of environmental impact. The lawsuits claim that it would obstruct views of the Palisades above the western shore of the Hudson River, but today word has come in that a New Jersey Superior Court judge has dismissed the lawsuits.

 

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The judge's ruling was based on the fact that the economic impact that the new headquarters would bring in far outweighed the negatives. He explains his decision by saying: "LG had met the positive criteria requirements because the project promoted the general welfare by maintaining jobs, promoting green building design, providing adequate light, air and open space, providing energy efficiency, and utilizing renewable energy sources."

 

While the new headquarters may not be as stunning as Apple's Cupertino spaceship or Amazon's biome in the city, LG's concept art shows off an ultra-modern structure that is not unappealing to the eye. When this is combined with the fact that it will bring thousands of jobs to a struggling economy, one can only see this as a good thing.

NEWS SOURCES:Bloomberg.com

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