douglast durst
Behind The Bidding: Durst-Vornado Tried to Hang On; Extell Was the Lowest and Highest; Brookfield Sat Tight
A rendering of Extell's doomed bid.
In the beginning, there were five teams that included the city's biggest developers vying for the West Side rail yards. Today, the board of the Metropolitan Transportation Authority, the yards' owner, voted to negotiate solely with Tishman Speyer over acquiring and developing the 26-acre site.
Gary Dellaverson, the MTA's CFO, talked at today's board meeting about the bidding that was closely watched for months even though few people beyond those directly involved knew what was really going on. According to Mr. Dellaverson and an MTA summary handed out to board members: read more »
