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Ha! According to the AP, the MTA and developer Related Co. are still talking about the contract to develop the Hudson Yards, better known as the West Side Rail Yards. For years, the city has been trying to develop the area west of Penn Station, but the attempts to find a developer have been the stuff of melodrama, from a bidding process to picking one suitor—Tishman Speyer—who was later spurned. Then, in mid-May, Related stepped into the breach but the contract was put on the burner over...slow paperwork? The MTA said there have been "constructive negotiations" with Related. Should a deal go through, Related, who bid $1 billion for the land and $2 billion to build the platform over the railyards, will need to cough up $50 million at closing.
MTA, Related Still Working on Hudson Yards Contract
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Oops I see some choking here. Related? Is that the same group that was going to turn Pier 40 into a wonderland and everyone said they are "solid"? The MTA? Another group that I love and trust.
Tishman Speyer? How is the Stuy town project going?
Going back a few years, might I ask what was the original asking price for this piece of property waaaaaaaaaaaay over on the west side?
Perhaps an Olympic stadium or a home field for the Jets is appropriate.
This is so Global Economy ago.