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June 24, 2009
BREAKING NEWS: MTA Board Approves Amended Deal to Sell Vanderbilt Yard to Ratner
In a vote that was only surprising because several two (we were trying to count hands via the MTA's web cast) board members actually voted no, the MTA's board at 12:05 p.m. approved the sale of Brooklyn's Vanderbilt Yard to developer Forest City Ratner for just $20 million down, with another $80 million to be paid out over the next 22 years.
For everybody not named Bruce Ratner, the MTA will be raising fares this Sunday across all its divisions, in most cases by double digits.
Posted by eric at June 24, 2009 12:05 PM