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September 11, 2005
MTA "Special Meeting" to seal deal for Ratner
The ever accommodating MTA (you know, the one who just raised fares for the rest of us) is planning to accept Ratner's second lowball bid before the regular monthly Board Meeting by convening this "Special Meeting":
In accordance with Section 4 of the MTA by-laws ("Special Meetings"), please be advised that there will be a special MTA Board Meeting on Wednesday, September 14, 2005 at 9:30AM on the 5th Floor of MTA headquarters at 347 Madison Avenue, New York City.
The purpose of this Special Meeting is to present the Board with updated information concerning the proposal by Forest City Ratner Companies ("FCR") to purchase air space above and real property interests in LIRR's Vanderbilt Yard ("VD Yard") in Brooklyn, to brief the Board regarding negotiations that have taken place between MTA staff and FCR, and to seek additional authority from the Board regarding the FCR proposal.
Posted by lumi at September 11, 2005 10:28 AM