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September 3, 2009
Hearings begin Thursday on MTA Chair/CEO nominee Walder; will Vanderbilt Yard deal be an issue?
Atlantic Yards Report
Three New York State Senate committees this week kick off hearings on the nomination of Jay Walder to head the MTA.
Maybe we'll learn whether the incoming head of the Metropolitan Transportation Authority (MTA) thinks the agency got a good deal on the Vanderbilt Yard.
(Remember, the MTA in June agreed to accept only $20 million upfront from Forest City Ratner instead of $100 million; gave the developer generous terms to pay the rest; and agreed that a smaller rather than larger replacement year was acceptable. And there was apparently no formal legal advice beyond a checkoff.)
...So, what does Walder think? Is the MTA bound to its political patrons, or to its riders?
Posted by eric at September 3, 2009 10:13 AM