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October 14, 2007

Five Firms Vie for Chance to Build on Far West Side

yards600.jpg

New York Times
CHARLES V. BAGLI

The transportation authority, which had hoped to reap $1 billion from the sale of the development rights to the yards, confirmed that it had received five offers, but declined to provide any details. The authority said it expected to select the winning bidder, or combination of bidders, by February or March, after conducting a design review that would include an opportunity for public comment.

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NoLandGrab: In other words it's like the sale of the Vanderbilt Yards, only exactly opposite.

Posted by amy at October 14, 2007 10:41 AM