Related Gives M.T.A. $8 M. as Consolation for Rail Yards Delay

[Correction appended]

With the economy sinking around him, Stephen Ross and his Related Companies have successfully delayed purchasing development rights to the West Side rail yards by a year, as the M.T.A. sent out a statement this evening announcing a one-year extension of the “conditional designation” period.

With financing near Read More

Related’s West Side Rail Yards Deal Faces Delay

The deal to put $15 billion in residential and commercial development atop the M.T.A.’s West Side rail yards has hit a delay, as the agency will not sign a contract with developer Related Companies this week, as was originally scheduled. The state authority says it has reached an agreement with Related (which is in a Read More