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MTA Tosses Tishman, Looks For New Hudson Yards Suitors
By
Jen Chung
Published May 13, 2008
Modified May 13, 2008
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By
Jen Chung
Published May 13, 2008
Modified May 13, 2008
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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.
Tagged
development
failcat
hudson yards
mayor bloomberg
MTA
real estate
tishman speyer
west side rail yards
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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