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June 11, 2009
Deal or No Deal?
Architect's Newspaper Blog
by Matt Chaban
Maybe Forest City Ratner won’t get a deal on the MTA rail yards after all.
...Sez MTA deputy press secretary Aaron Donovan: “It’s too early to say right now because an agreement has yet to be reached. Check back with me once we get closer to the 24th.”
This could mean one of two things: Either the final details are just being hashed out, confirming DDDB’s worst (if expectant) fears. Another possibility, however, is that the deal might be faltering in the heat of negotiations and recent events. It is well known that the MTA is woefully short on cash, so it is possible some of the board could be resistent to taking a smaller payment. Furthermore, the increased scrutiny the news of Frank Gehry’s departure could be putting increasing public (and possibly even political) pressure on the project. And so, with baited breath, we wait for June 24.
NoLandGrab: The public pressure is definitely there; now let's see if tone-deaf Albany gets the message (if they haven't all quit by the 24th).
Posted by eric at June 11, 2009 11:29 PM