Breaking: MTA Postpones Vote on Atlantic Yards
The MTA announced that it was delaying picking a winner to develop the Atlantic Rail Yards for at least 45 days. From the sound of it, the MTA may be hoping that the bids may be increased: I think that the bid that we did get from Forest City, while complete and well thought out,…
The MTA announced that it was delaying picking a winner to develop the Atlantic Rail Yards for at least 45 days. From the sound of it, the MTA may be hoping that the bids may be increased: I think that the bid that we did get from Forest City, while complete and well thought out, frankly was not as high as I expected, said MTA head Peter Kalikow. I expected the MTA to receive more money. Hmmm…Newsday is reporting that the MTA voted to negotiate exclusively with Ratner for the next 45 days. If they don’t reach a deal in that time, Extell could be back at the table.
MTA Postpones Vote on Atlantic Yards [NY1]
MTA to negotiate exclusively with Ratner [NY Newsday]
all along this has reeked of political back-room dealing to the extreme… robert moses would be proud but I’m not.
it is fuck up
How is that legal/ethical? I thought they were obligated by a new law to take the highest bid. If they’re going to try to negotiate for more money, they should be allowing both Extell and Ratner to rebid.
Wow! Someone at MTA actually has an inkling about how to, y’know, negotiate. Now, if they were really serious about getting an appropriate value for the Yards they’d allow Extell to sweeten their deal as well.