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September 10, 2005

RATNER DOUBLES DOWN

Higher bid still far short of MTA site’s value

The Brooklyn Papers
by Jess Wislowski

Wislowski goes looking for comment and/or confirmation of this week's story in The NY Times that the MTA is set to approve Ratner's new lowball bid for the railyards at Atlantic and Flatbush:

Neither MTA nor Forest City Ratner officials would comment for this article.

Additionally, an MTA spokesman said that neither Lapp nor Kalikow had been around when the Times story broke.

“I can’t verify that [the Times article is correct] because I don’t know about it,” said MTA spokesman Tom Kelly, a spokesman for the MTA.

“Kalikow has been away and Lapp has not seen a final [bid], so I don’t know,” said Kelly, who insisted that whatever information had been leaked was likely coming from the developer.

“This is not an MTA source,” Kelly said. “The ‘officials,’ as far as I can see, could be Ratner people; this could be their way of getting this out there,” he said, as a test balloon to gauge the MTA’s reaction.

“Based on what they’ve said [here], I’ve looked around, but nobody knows anything about scheduling a special meeting. So far, nothing has been changed,” he said.

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Posted by lumi at September 10, 2005 9:32 AM