The Korea Herald

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LGE gets approval for New York HQ

By Korea Herald

Published : Aug. 11, 2013 - 21:17

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A U.S. unit of LG Electronics Inc. won approval from a New Jersey court to build a $300 million headquarters over objections that it would ruin views of the Palisades, a 200-million-year-old chunk of rocky wilderness above the western shore of the Hudson River.

Superior Court Judge Alexander H. Carver III yesterday dismissed two lawsuits challenging an approval by the Englewood Cliffs Zoning Board of Adjustment for a new North American headquarters for LG Electronics USA Inc. LG, the world’s second-biggest television maker behind Samsung Electronics Co., wants a view of the famous New York City skyline.

The board found that 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, according to the ruling in state court in Hackensack. (Bloomberg)