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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.

Sanaya Kaufman

We need your support tomorrow at the Community Board 4 public forum on the Western Rail Yards. Even as we open the first section of the High Line as a public park today, one-third of the structure still has an uncertain future, and may be partially demolished. Come help us show the City, developer and the MTA that the preservation of the entire historic High Line must be made a priority at the Rail Yards.


The turn-out of High Line supporters for Monday's Eastern Rail Yards Public Forum was great: more than 200 people rallied at Midtown's Red Cross in favor of preserving the entire High Line, including the Spur over 10th Avenue. Supporters wore red "Save the Spur" T-shirts and held signs during a presentation by The Related Companies, the designated developer at the rail yards.

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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