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July 31, 2005

FULL-COURT PRESS ON MTA DEAL

From the New York Post:

THE MTA's decision to grant developer Bruce Ratner an exclusive 45-day window to clinch a deal for its Downtown Brooklyn rail yards came only after some last-minute intervention by Mayor Bloomberg.

Sources said the mayor was infuriated by a report that the MTA planned to postpone a vote Wednesday on the mega-housing and basketball-arena project so it could hash out two competing bids, one by Ratner and another by Extell Development Corp.

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Posted by amy at July 31, 2005 10:41 AM