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July 11, 2005

Rail Yard Redux

NY Newsday
by Dan Janison

So here's the Metropolitan Transportation Authority once again targeting old rail-yard space for sale to one company and finding another firm coming forward to bid on it.

If this sounds familiar, it should. Something similar happened with the pro football arena plan on Manhattan's West Side (now defunct). This time, it affects the plan surrounding a pro basketball arena in Downtown Brooklyn.

Here again, foes of the City Hall-backed plan are allying themselves with the alternative bidder, in this case Extell Development Co., whose proposal is touted as less intrusive.

Commenting on the deja vu, Brooklyn Councilwoman Letitia James, a leading opponent of the city-sized project, said, "Development in the city of New York is top-down, versus bottom-up. That's the problem."

Stay tuned. This issue once looked like a blowout for Nets owner Bruce Ratner's enterprise. Now that people have seen the massive scope of the Ratner plan, there may be a jump ball coming up.

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Posted by lumi at July 11, 2005 7:27 AM