Two days ago, I wrote (link) that it was unclear that the foreclosure auction of developer Greenland USA's rights to six development sites over the Vanderbilt Yard, announced for Jan. 11 and postponed until today, would actually happen.
After all, there are many reasons for any potential bidder to wonder about all the variables, and to seek negotiation with Empire State Development (ESD), the state authority that oversees/shepherds Atlantic Yards/Pacific Park, over various complex issues.
Today, an ESD rep told me the state authority--which is not managing the foreclosure--learned that the auction has been postponed until April 30.
That's more than two and half months, so that offers some time for discussions among private parties, and public parties. The question is how much transparency we'll see.
By the way, in case you're wondering about this week's new article in my weekly newsletter (here's last week's version), it'll be sent tomorrow.
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