MTA Finance Committee Hastily Approves New Payment Plan for Ratner
ATLANTIC YARDS
BROOKLYN COMMUNITY DISTRICT 02 BROOKLYN COMMUNITY DISTRICT 06
BROOKLYN COMMUNITY DISTRICT 08
BROOKLYN COMMUNITY DISTRICT 02 BROOKLYN COMMUNITY DISTRICT 06
BROOKLYN COMMUNITY DISTRICT 08
June 22, 2009
The New York Times
Though the Metropolitan Transportation Authority’s (MTA) finance committee did approve a redesign of the terms of developer Forest City Ratner’s payments for Vanderbilt Yards, some members are arguing that the new plan was sprung on them and the decision was made too hastily. The Chief Financial Officer of the committee has said that finding another bidder for the Vanderbilt Rail Yards other than Ratner would be too costly to pursue.

