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September 14, 2005

Ratner wins rights to Brooklyn rail yards

Crain's New York Business
by Catherine Tymkiw

The Metropolitan Transportation Authority approved developer Bruce Ratner’s $100 million bid for the right to build on rail yards in downtown Brooklyn.

The 10-to-1 vote followed 45 days of exclusive negotiations that the MTA had agreed to hold with Forest City Ratner Cos. starting in July. Today’s vote leaves Gary Barnett’s Extell Development Corp, which had submitted a competing bid, out in the cold.

Posted by lumi at September 14, 2005 7:51 PM