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July 10, 2005
Skyscrapers Grow in Brooklyn
New York Times Op-Ed:
Reports that there are now competing bids to develop Brooklyn's downtown should be good news for the city and for anyone who uses public transportation. Assuming open and fair competition, the Metropolitan Transportation Authority - which practically gave away the rights to build a football stadium over its rail yards in Manhattan - might actually get something approaching market value for the development rights over its rail yards at Atlantic Avenue. It is not a promising sign, though, that the monetary details of the two bids on the MTA property have not been disclosed by either bidder. A little sunlight in such an important transaction should be a minimum requirement.
Posted by amy at July 10, 2005 3:24 PM