Despite prognostications that the collapse of the Tishman Speyer Hudson Yards agreement would lead to a lesser development deal, word is that the MTA is going to get its $1 billion after all. As Charles V. Bagli reports on The Times’ City Room blog, Stephen M. Ros, CEO of Related Companies and one of the [...]

As the Tishman Speyer deal for the Hudson Yards collapsed completely on Tuesday, tempers have flared over the fate of development along the West Side. In one corner, we have Sen. Chuck Schumer fighting for Moynihan Station and office space in and around Penn Station. In the other corner, we have Mayor Mike Bloomberg, [...]

The press release arrived a few minutes ago: “The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could not be reached. The MTA has now re-entered discussions with other interested developers and remains committed to timely development of these unique and valuable parcels of land on [...]

Despite reports last week that the Tishman Speyer deal for the Hudson Yards rights was dying a painful death, Mayor Bloomberg, working to secure his legacy, thinks otherwise. As The Times reported on Saturday, Bloomberg is working hard to pressure Tishman Speyer and the MTA to pave over their problems. While Bloomberg claims some sort [...]

Well, this latest Hudson Yards development is not very good news for the MTA.
In a turn of events that one could call shocking or not shocking at all, the $1 billion deal between the MTA and Tishman Speyer for the rights to the Hudson Yards has fallen apart. The word first broke via [...]

I haven’t followed the Hudson Yards drama too much around here. The land deal will help fill the MTA’s rapidly depleting coffers, and the 7 line extension makes for high comedy. But the rest of the project doesn’t interest me too much. I will note however that the MTA has missed the project’s first deadline. [...]

The MTA board voted today to approve a 99-year, $1-billion lease for the Hudson Yards land with Tishman Speyer. While the deal still has to clear a few hurdles, the MTA anticipates that this money will, in the words of The Times, “plug a $700 million gap in the authority’s capital budget and catalyze development [...]

Supposedly, the second time is the charm. Today, the MTA is going to find out if they procure that second time charm with the Hudson Yards area as they are set to issue a request for development proposals for the valuable land on the Far West Side.
The Authority wants $1 billion, and they should get [...]

Got $1 billion? This could all be yours. (Image from the Department of City Planning)
Remember the Hudson Yards redevelopment plans? Once upon a time, this midtown area of the Far West Side was the centerpiece of Mayor Bloomberg’s plans for residential and commercial growth in Manhattan. Those were the days.
Now, the site barely registers on [...]