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Park update: The High Line is currently open from Gansevoort St. to 30th St.. The section between 30th St. & 11th Ave. and 34th St. & 12th Ave. is currently closed due to icy conditions. Please check back or follow @highlinenyc on Twitter for updates.

BREAKING: Brookfield Not Submitting a New Bid

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.

Brookfield's decision not to submit new materials knocks them out of the running for lead developer of the site. But according to a source, they still may be considered as partners in the development. Brookfield recently announced another large-scale development on Ninth Avenue, only a few blocks from the Rail Yards.

There was coverage today in the Times and the Observer.
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