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March 21, 2005
Deadline Today in Showdown Over Stadium
The NY Times: As the clock ticks down on the 5PM deadline for bids to develop atop the Hudson Railyards, "The Jets have said they will substantially increase their $100 million offer for the right to build a 75,000-seat stadium...."
The bidding may not end at sundown tonight. The Metropolitan Transportation Authority plans to turn the offers over to its adviser, the Newmark real estate company, for evaluation. As Newmark sorts through the materials and the offers become public, one transit official said, there may be another round of bidding.
Posted by lumi at March 21, 2005 9:09 AM