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February 9, 2005
Embarrassment for the MTA on the fight for the West Side
The NY Sun:
[The] group that stands to suffer the most embarrassment from the coming debate over the rail yards is not Mr. Bloomberg or the Jets: It’s the MTA.The cash-strapped transit service has until now justified its willingness to sell airrights over the 13-acre parcel of land by citing giant shortfalls in its coming fiscal years. The authority, which raised fares and cut services last year because of ballooning interest payments and other expenses, is staring at a $586 million deficit in fiscal 2006 and nearly $1 billion in fiscal 2008.
Also:
NY1: MTA Sets Friday Deadline For More Details On MSG's Bid For Hudson Rail Yards
WNYC: The MTA Should Get Best Price for Railyards
The NY Post: MTA GIVES GARDEN A FRIDAY DEADLINE
The NY Daily News: MTA gives Garden 3 days to back up $600M offer
Posted by lumi at February 9, 2005 8:02 AM