developing

A Lifeline for the Upper High Line?

Last we checked in, it seemed that the officials were willing to let a successful bidder for the MTA’s Hudson Yards site tear down the part of the High Line that runs through it. But now it seems that the old rail trestle, slowly becoming a park, has a better chance of survival. Real Estate Board of New York president Steven Spinola, the developers’ rep in the bidding process for Yards site, tells us that the Hudson Yards Development Corporation showed a presentation yesterday that included a preference for cultural institutions, lots of open space, an attempt at affordable housing, and sympathy for the High Line. “They likely will say to developers: We would like to see the High Line continue, so explain what the ramifications would be of keeping it,” Spinola said. “I think they started off negative about the High Line and they’re now looking to keep it an open question.” Will developers — who must sink more than $300 million just to install a platform over the rail yards — willingly invest around an elevated park? “The High Line, if done properly, can clearly be an attractive amenity for the city,” Spinola says. “A few months ago people said, ‘Of course it’s a problem,’ and yesterday people said, ‘We’ll analyze it.’” —Alec Appelbaum

Earlier: The High Line, Suddenly Not as High?

A Lifeline for the Upper High Line?