Penn Station

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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
The January 28 MTA letter to developers generated a bunch of speculation on what the new guidelines will mean for developers, and it's been a busy week for the various other developments around the Yards.

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