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Hudson Rail Yards Deal Dead
by Matthew Schuerman
NEW YORK, NY May 13, 2008 —Two days of negotiations failed to salvage the $1 billion deal to develop the Metropolitan Transportation Authority's Hudson Rail Yards on the Far West Side. Developer Tishman Speyer says it's withdrawing, saying the two parties could not reach an agreement that satisfied both.
The Metropolitan Transportation Authority, which had declared the deal dead last week, after Tishman wanted to change some of its terms, says it's already reaching out to the other two parties that had submitted bids. WNYC's Matthew Schuerman speaks with Amy Eddings.
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