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Last Ditch Effort for Hudson Yards
WNYC Newsroom
NEW YORK, NY May 12, 2008 —A New York City developer is making a last-ditch effort to save a troubled deal to build skyscrapers, apartments and parks over rail yards on Manhattan's far West Side.
Rob Speyer of Tishman Speyer Properties is set to meet today with officials at the Metropolitan Transportation Authority after the collapse last week of their $1 billion deal.
The MTA said that talks had reached an impasse after Tishman Speyer had tried to change key points of the deal that would have kept them from making payments until half of the 26-acre site was rezoned.
Speyer met with Mayor Michael Bloomberg in London last week about the deal and the company says it hopes to salvage it.
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