FOR IMMEDIATE RELEASE
May 19, 2008
STATEMENT BY MAYOR MICHAEL R. BLOOMBERG ON HUDSON YARDS DEVELOPMENT
"Today's announcement that the MTA will award Related Companies, in partnership with Goldman Sachs, the development rights for the West Side Rail Yards is great news for the City. Despite the setbacks of the last few weeks, we are certain that Related and Goldman will realize this tremendous opportunity to develop what is really the only large parcel of undeveloped space left in Manhattan. The attractiveness of this area for developers stems in part because the City is funding an extension of the Number Seven subway line, making this vital new mixed-use community of residential, commercial and office space a truly transit oriented development. We will continue to work with the State, MTA and with the developer to help make the Hudson Yards development a reality."
Stu Loeser / John Gallagher (212) 788-2958