You Wanna Buy a Rail Yard?

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Photo: Google.com

So, once again: Any takers for the West Side rail yards? You know, the 26 acres of relative wasteland along Eleventh Avenue, from 30th to 33rd Street? The state and the yards' current owner, the MTA, formally announced today that it will be accepting bids for the whole shebang. The part of the offering that City Hall will like: twelve acres of greenery and a "cultural center." The part the developers will like: residential "skyscrapers up to 70 stories tall." The usual suspects are expected to come a-courting: Tishman Speyer, Brookfield, the Durst Organization, and Vornado (the last two working in concert). And the part that we find immensely curious: The buyers will be required to submit separate bids "with" and "without" the High Line, a stretch of which grazes the yards. Which means, in essence, that nobody — least of all the sellers — has any idea whatsoever how that one will play out.

Bids to Be Sought for West Side Railyards [NYT]