LG Wins New Jersey Court's Approval to Build Atop Hudson Cliffs

A U.S. unit of LG Electronics Inc. (066570) 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. . . .

“The board’s determination that LG had satisfied the positive criteria required by statute to justify granting the variances sought is fully supported by the record, and is not arbitrary, capricious or unreasonable,” Carver ruled.

LG said yesterday in a statement that the ruling clears the way for construction. . . .