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May 24, 2005
Vanderbilt Yards (aka Atlantic Yards) RFP
The RFP is now available from the MTA. Is the state agency doing the right thing or is this just pro forma before they bestow the entire kit and caboodle to Ratner?
The Metropolitan Transportation Authority (the “MTA”) requests proposals for the sale or lease of all or some of the air space and related real property interests in one or more of the three parcels known as Vanderbilt Yard (“VD Yard” or the “Site”).
The goal is a Disposition of land or air rights over a portion or the entire Site in a manner that will maximize the economic benefit to MTA for improvement of the public transportation facilities and functions of the MTA and minimize the economic and environmental risk to MTA; however, this goal will be pursued in the context of the following, which will also be considered:
a. The economic development, planning, and civic needs and desires of the City and the State;
b. Consideration of the interests of the surrounding community;
c. The selection of a developer or development team with the experience, reputation, and credit worthiness appropriate for the successful development of a project of this magnitude and importance.
d. Consistency with the Long Island Rail Road’s need to continually operate critical transportation services within the Vanderbilt Yard and related support facilities.
Posted by lumi at May 24, 2005 10:18 PM