MTA Tosses Tishman, Looks For New Hudson Yards Suitors

Sorry, Mayor Bloomberg, even your wheeling-dealing couldn't stop this: The MTA's deal with Tishman Speyer to develop the West Side rail yards is dead. Here's the statement:

The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could not be reached. The MTA has now re-entered discussions with other interested developers and remains committed to timely development of these unique and valuable parcels of land on Manhattan's Far West Side.

The MTA expressed unhappiness with Tishman's demands last week, but met with developer yesterday and again today.

Yesterday, the Sun suggested that the remaining bidders might have significantly lower bids, since the MTA has to reopen bidding.

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By Jen Chung in News on May 13, 2008 2:38 PM

Comments [rss]

Think2wice

The new city mascot: Fail cat.

Spirit of 76

Come on. With as much money as Bloomie has, he can do it himself if he thinks it's so important. He's worth, what, $20 billion? Go for it. It'd be a way to keep him off the streets and out of trouble once he's out of office.