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July 27, 2005

M.T.A. Is Expected to Postpone Vote on Railyard Bid

The NY Times is reporting that the MTA board is expected to vote to delay selection of a winning bid for the Atlantic Railyards:

The board was scheduled to review two dueling bids by developers at its meeting today and possibly vote, but a person who is close to the authority's chairman and to other board members said that the board instead intends to delay the vote so that higher bids can be submitted. The expected delay was confirmed by an executive with the authority, who also spoke on the condition of anonymity because the matter is so controversial with neighborhood groups.

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More:
WNYC, Atlantic Yards Bids up for Discussion at MTA Meeting
WNYC's City reporter Andrea Bernstein is reporting that an MTA spokesman said that the MTA Board may postpone a decision, though Bloomberg's representatives to the Board "are expected to vote FOR a Raner proposal, a mayoral spokesman said."

Posted by lumi at July 27, 2005 8:59 AM