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November 12, 2008
Will Extell Prove That Diamonds are Forever?
NBCNewYork.com
Extell's Gary Barnett has always been a maverick of sorts in the development world. He was the only rival bidder to Bruce Ratner at Atlantic Yards (even though the cause was hopeless). He bought up most of the insular Diamond District to assemble air rights for a skyscraper to be built smack in the middle of it. He wore a baseball cap to the unveiling of the Hudson Yards bids. A maverick, indeed, but that might be the problem: times have been tough for mavericks of late.
NoLandGrab: In one of the most intersting chapters of the Atlantic Yards saga, the mavericky developer Gary Barnett submitted a rival bid to the MTA for the development rights over the railyard. Despite Barnett's higher bid, the MTA decided to give Ratner another shot and subsequently awarded the rights to... Ratner!
Posted by lumi at November 12, 2008 5:40 AM