MTA, Tishman Speyer in dispute on rail yard development

05/12/2008 | GlobeSt.com

Talks between New York's MTA and Hudson Yards developer Tishman Speyer have "reached an impasse," according to a MTA statement released Thursday. Tishman Speyer won a bidding war to pay over $1 billion, for a 99-year lease, for development rights on either side of 11th Avenue between 30th and 33rd streets.

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