January 21, 2009 3:51 PM
If negotiations fall through between the MTA and the Related Cos., the project may never be built.
If the Metropolitan Transportation Authority and the Related Cos. cannot reach a deal on Hudson Yards in 10 days, the $15 billion project could end up being postponed indefinitely or never being built.
The authority and the developer have until Jan. 31 to sign a contract, which would trigger a schedule of payments that could ultimately bring close to $1 billion into MTA coffers. But the sinking economy and a paucity of financing are pressuring both sides
Sunday, January 25, 2009
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