Gothamist: West Side Railyards Are Worth $1.5 Billion

interlard

Fri, 01 Sep 2006 17:25:40 -0500

I don't want my taxes paying for a stadium so a bunch of morons can drink bud light and shout at adults being paid millions to play a kid's game. I also don't want another set of chain stores. Isn't there something Manhattan needs that is completely within its spirit?

what's the frequency Kenneth?

Fri, 01 Sep 2006 12:59:33 -0500

No, not Victoria's Secret. Banks and cell phone stores are the only ones willing to pay the rent in new buildings. And Duane Reade. And if anyone has real evidence of a real estate price drop in New York, please provide a link.

Jen

Fri, 01 Sep 2006 11:40:33 -0500

I don't think they should be rewarded for bad accounting, but I do think they deserve - and SHOULD demand - fair prices for their land - anything to improve their finances for the long haul. If anything, the State needs to help out with the MTA more, and there needs to be some sort of overhaul in the management there. I don't know the exact solution, but there certainly is a problem there.

will

Fri, 01 Sep 2006 11:37:11 -0500

"But the MTA, which is crippled by crappy financial accounting and huge deficits, deserves whatever money it can get" so, they should be rewarded for bad accounting practices?

BNT dry

Fri, 01 Sep 2006 11:07:32 -0500

I say let all the sports nuts get their own island. Have them pay for their own police and hospitals for when they get rowdy and drunk. We don't need a stadium in Manhattan, been without out it for decades. Have you seen who goes to these sports events? ANY SPORTS EVENT?

jmchez

Fri, 01 Sep 2006 10:53:04 -0500

I liked the idea of the stadium. It was new, it was something we don't yet have in Manhattan and, naysayers notwithstanding, it would have been manageable (lots of ferries and Penn Station rail could handle traffic for less than 10 games a year). Now, I'm afraid that we might not get anything or, at best, just MORE CONDOS! I'm sick of that; lots of building and the shopping will consist of another Victoria's Secret next to a Brookestone's. I hope that the Xanadu project in the Meadowlands gets built. At least that has the hope of being exciting.

tom b

Fri, 01 Sep 2006 10:33:50 -0500

Wonder if this will have any impact on the Ratner project on the Atlantic Yards in Brooklyn? I sure hope so.

simon

Fri, 01 Sep 2006 10:20:11 -0500

well, now I guess you will see the west side yards sit for another 50 years. no one will pay 1.5B plus the cost to create a platform, especially now that realeaste has been in decline. That estimate is based on the peak of the bubble.

globetrotter

Fri, 01 Sep 2006 10:18:47 -0500

Welcome to the club...this is what's happening around the world for the last 20 years...seemingly unattractive wastelands getting high evaluations and turning into hip, upscale residential/commercial enclaves. Just look at the docklands in London, Pudong in Shanghai and 100 other examples.