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Author: 
Kate Lindquist
A design rendering of Hudson Yards. Image by MRI Courtesy Related Companies
 

In the coming weeks and months, you're going to see a major transformation underway at the High Line’s northern terminus.

Earlier today Mayor Bloomberg, Speaker Quinn, and executives from the Related Companies and Oxford Properties Groupbroke ground on Hudson Yards – a major real estate development that it set to become the centerpiece of Midtown’s expanded central business district to Manhattan’s West Side.

Author: 
Kate Lindquist
EnlargeView from the High Line
at the West Side Rail Yards.

We are one step closer toward saving the High Line at the West Side Rail Yards.

Author: 
Kate Lindquist

From the beginning, it has always been our vision to preserve the entire High Line, from Gansevoort Street all the way to 34th Street, through the West Side Rail Yards.

Author: 
Anonymous
After a last-ditch effort to get their West Side Rail Yards negotiations back on track after Thursday's announcement, Tishman Speyer was unable to sway the MTA.

The MTA's statement today was short and sweet. In its entirety:
Author: 
matthewatthehighline

For the very first time that we are aware of, the High Line was featured in a New York Times Editorial. In it, America's paper of record challenges the City and Tishman Speyer to seize the opportunity provided by the development rights to the West Side Rail Yards and to do the right thing and "preserve all of the High Line, the 1.5-mile stretch of elevated railway that is being transformed into a green jewel of public space."

There was considerable pride and a few tears as we read this unprecedented shout-out by the Times.

Read the editorial  on the Times site, or after the jump.


Author: 
Anonymous
Brookfield Properties has announced they have not submitted a second bid for the Rail Yards site. Supplementary bids were due yesterday.

Back in January, the MTA asked the five developers to submit supplementary materials supporting their ability to lease, not buy, the 26-acre site. None of this financial information was made public.

Author: 
Anonymous
Unsurprisingly in the wake of the subprime crisis and general market shakiness, much of the Rail Yards dialogue has turned away from design and towards financials.

Of course, guessing is a bit tough, given the MTA's refusal to make the financial bids public (which the HYCAC called for as part of its summary of top community concerns).

Background on the financial situations of each of the developers has led to a lot of speculation over which one would be the surest bet for the MTA, an agency that knows its way around fiscal headache.

A Crain's editorial recently endorsed Related and Tishman Speyer for the site, pointing to anchor tenants to add heft to the deal:
"There are no more resourceful, experienced or financially solid real estate companies in New York. Their tenants, News Corp. for Related, and Morgan Stanley for Tishman, offer a strong likelihood the project will get off the ground."
The Crain's site is for subscribers only, but the complete editorial is after the jump.

The MTA still plans to announce a decision by the end of March.
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