MTA committee smiles on Vanderbilt Yard plan; new memo discloses longer time frame, less intensive work overall (but 95 caisson piles using drill rigs)
Discussion of Forest City Ratner's proposal to move ahead on building of the platform needed for vertical development over the Vanderbilt Yard, while asking for 15 months' delay in the required completion of a permanent railyard proceeded uneventfully at the Metropolitan Transportation Authority's Long Island Rail Road Committee yesterday. Following the receipt of a Staff Summary indicating the work would be helpful while the delay not harmful, LIRR President took a few questions from committee members. The concurrent work, he said, means Forest City doesn't "have to come back after the fact and disrupt the yard and disrupt the foundation." The delay affects full use of permanent railyard, he said. "It is not delaying the overall project. In fact it helps it." No raised the potential pitfall, as I suggested , that the agreement might make it more difficult to unwind the deal should Forest City and its joint venture partner, the Chinese govern...