Project Lifeline: Bush’s plan to stem a wave of foreclosures was endorsed by six major mortgage lenders, but critics say it will only stave off the inevitable. [NY Times]

A safety director has been hired to oversee all the construction projects at Ground Zero. [NY Post]

Council speaker Christine Quinn vowed to continue campaigning for a tax rebate for renters. [NY Post]

Lawmakers and the New York Racing Association have hammered out an agreement to keep New York’s race tracks operational. [NY Post]

Atlas Capital will flip Fifth Avenue office condo in a $150 million sale. [NY Post]

Mayor Bloomberg’s plan to transform the polluted industrial area of Willets Point, Queens into a $3 billion commercial complex is sent back to drawing board by community groups. [NYDN]

Ben Ashkenazy bought 650 Madison Avenue for less than $1,200 per-square-foot, well below the peak commercial property price hit last summer. [Real Estate Weekly]

Landmarks Preservation Committee gives two Queens buildings landmark status–one for the third time. [NY Sun]

Governor Spitzer promised that the construction of Moynihan Station will not suffer the same fate as the Jacob Javits Center. [NY Sun]

Vornado chairman Steve Roth in a classic fight with Harry Macklowe. [NY Sun]

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