Report - Top CEO declares war over basketball court

Basketball hoop

And a large barn.

Cantor Fitzgerald CEO Howard Lutnick has launched a $56m legal blitzkrieg against a slew of Southampton Town municipal boards because they won’t let him build a basketball court and a large barn on his 40-acre Bridgehampton property, court papers show.

The New York Post reports that in a pair of federal lawsuits, the billionaire takes to task the zoning, planning, and farming advisory boards — and their individual members — for refusing to allow the structures on the spread he bought for $15m in 2003.

'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'.

While the boards are frequently sued by well-heeled Hamptons homeowners who run afoul of local zoning laws, Lutnick’s targeting of individual members is unusual.

To access the complete New York Post article hit the link below:

Cantor Fitzgerald CEO sues over blocked Hamptons hoops court

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