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Kalikow Asked to Consider Other Bids for West Side Rail Yards

Thursday, September 14, 2006

The city offered $500 million to the MTA for the West Side rail yards. An appraisal valued the property at $1.45 billion. A state assemblyman has requested that MTA chairman Peter Kalikow to look at other bids.

REPORTER: Peter Kalikow came under fire from questioning by state legislator Richard Brodsky. The assemblyman wanted to know why the MTA would sell the 26-acre west side property at such a low price. Kalikow said the city was a sure bet. But Brodsky didn't buy it.

BRODSKY: We ought to find out what is out there. There are people who want to bid more money. The MTA should at least listen to them."

REPORTER: Kalikow acknowledged that at least one real estate developer expressed interest in the waterfront property. He said he would consider other offers.

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