tag:blogger.com,1999:blog-20743459.post8163153087651443647..comments2024-03-28T05:19:17.215-04:00Comments on Atlantic Yards/Pacific Park Report: MTA shows flexibility on Hudson Yards deal; would it offer same to Forest City Ratner?Norman Oderhttp://www.blogger.com/profile/07618087999719667586noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20743459.post-86904096879859645792009-02-05T13:39:00.000-05:002009-02-05T13:39:00.000-05:00Why should the MTA offer a better deal to Ratner w...Why should the MTA offer a better deal to Ratner when the latter got its deal through an uncompetitive process?<BR/><BR/>I suspect Gramercy wouldn't want to be a property owner in the AY footprint whether or not the legal cases are resolved soon.<BR/><BR/>Might a revised arena design make it easier to build? Sure.<BR/><BR/>Might a revised arena design call into question the ESDC's approval given in 2006 of a glass-walled project at $637.2 million? Sure.Norman Oderhttps://www.blogger.com/profile/07618087999719667586noreply@blogger.comtag:blogger.com,1999:blog-20743459.post-31024316971779894032009-02-05T11:36:00.000-05:002009-02-05T11:36:00.000-05:00The answer to your question is "well, duh!"Why wou...The answer to your question is "well, duh!"<BR/><BR/>Why wouldn't the MTA offer the same deal or BETTER to Ratner than it did to Related? Less risk.<BR/><BR/>And you think Gramercy is going to call that loan the same month as oral arguments are held on the last significant legal challenge?<BR/><BR/>Of course not. <BR/><BR/>And if indeed the design for the arena is simplified--and it most certainly will--doesn't that throw into question the timetable for arena construction?<BR/><BR/>Of course it does.bobbohttps://www.blogger.com/profile/08380812601884485151noreply@blogger.com