Well, not quite, but AY certainly came up at the second and final hearing, held yesterday at the State Office Building in Harlem, and there was a murky hint that the Vanderbilt Yard deal might be stalled by some additional MTA effort at due diligence.
“We were deeply concerned on the Finance Committee that the MTA would become an obstructionist body that would ultimately stand in the way of Atlantic Yards,” said Sen. Kruger, Chair of the Finance Committee, noting that the full MTA board had supported the Forest City Ratner project since its inception.
“Today, after questioning Jay Walder, we remain cautiously optimistic that Altantic Yards will finally, and at long last, move forward,” he said.
Concern from Perkins
State Senator Bill Perkins, who's been critical of Atlantic Yards, didn't question Walder about the project, but did bring AY up in his opening statement.
Credibility from MTA
Walder said he supported "the broad goals" of the effort, led by Perkins and Assemblyman Richard Brodsky, to reform public authorities.
"The effect of the public-private partnership is well known to me," Walder responded. "To be very clear, when we started at TFL, with the support of the mayor of London, we opposed the public-private partnership, even to the point of taking it to court... four years after it started... it went into bankruptcy. Ultimately, the extra bill for the taxpayer is about $4 billion."
"Having said that, I don't believe public-private partnerships for the New York City subway will make any sense at all. There are places where public-private partnerships have been used in London. The Docklands Light Railway is one."