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February 3, 2005

TODAY: MTA hearings on Hudson Railyard appraisal mess

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MTA Executives will be questioned on the value of the Hudson Yards

Place: Assembly Hearing Room, 250 Broadway, Rm. 1923, 19th Floor
Time: 10:30 A.M.

Assembly Standing Committee on Corporations, Authorities and Commissions
Chair: Assemblyman Richard L. Brodsky

Read the litany of questions for the MTA from NewYorkGames.org (scroll down). NYGames's questions illustrated how the MTA & Jets have made the debate over a simple question — how much the railyards are worth — nearly incomprehensible.

Today's showdown is a primer for the Atlantic Railyards appraisal. With its unparalleled access to transportation, the Atlantic Railyards should be worth more than the Hudson Railyards, but not if Ratner can help it.

Posted by lumi at February 3, 2005 7:26 AM