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December 7, 2007
Extell on the Atlantic Yards Process
Brownstoner
Brownstoner excerpts an interview from The Observer with Extell Development's Gary Barnett. Extell was the only developer impudent enough to submit a competing bid when the MTA issued an RFP (request for proposals) for the Vanderbilt Yards.
Included is this remembrance of Extell's bid, which was far greater than Forest City's:
The city and the state haven’t partnered with a developer publicly beforehand. What type of chance did you think you had on Atlantic Yards? Did you think that was something of a long shot? You said so, if I remember, in your cover letter [for the bid].
We are shocked—shocked—that we bid $150 million, [Forest City Chairman Bruce] Ratner bid $50 million, yet he somehow managed to get it.
Posted by steve at December 7, 2007 8:02 AM