Manhattan rail yards developer delays signing contract

02/2/2010 | NYTimes.com

Hampered by the recession, developer Related Companies again has pushed back the signing of a formal contract to build a $15 billion residential and commercial complex above Manhattan's West Side rail yards. Goldman Sachs, formerly a partner on the project, pulled out last week. But Related says it expects to sign the contract and put $21.7 million in escrow by the end of March.

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