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March 28, 2011
Vornado Project Hits Hard Spot
The Wall Street Journal
by Eliot Brown
Extell Development has thrown a wrench in Vornado Realty Trust's plans to redevelop a lucrative site at 220 Central Park South. And as Atlantic Yards watchers know, Extell's not shy about causing rival developers a little agita.
This isn't the first time Mr. Barnett has butted heads with a heavyweight in New York City real estate. A decade ago, he unsuccessfully sued to block construction of the New York Times tower on 41st Street after the state tried to seize land owned by Mr. Barnett for the Forest City Ratner project. And in 2005, he made an unexpected bid to the M.T.A. in an attempt to offer an alternative to another Forest City project, the Atlantic Yards basketball arena and housing development in Brooklyn.
Posted by eric at March 28, 2011 10:10 AM