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December 17, 2008

Waiting for corrections: Reuters article on MTA/AY claims $1 billion railyard deal

Atlantic Yards Report

Norman Oder tries to suss out the meaning of an inexplicable Reuters story about the MTA's sale of the Vanderbilt Yards:

Are we supposed to believe, in a Reuters article bizarrely headlined NY MTA: Still sees $1 bln from Brooklyn's Atlantic Yards:

  • that MTA Chief Financial Officer Gary Dellaverson knew what he was talking about when he said "We don't have any current concern with respect to the $1 billion" the agency expects from Forest City Ratner's Atlantic Yards plan?
  • that the Reuters reporter didn't know the purchase price for the Vanderbilt Yard is $100 million?
  • that the reporter thinks Atlantic Yards would "be built on one of the agency's rail yards"?
  • that the reporter didn't realize that the real story, which MTA officials wouldn't touch, is the Observer's scoop about Ratner trying to delay paying the money owed?


NoLandGrab: Can we choose, "All of the above?"

Posted by steve at December 17, 2008 11:02 PM