High construction costs may curtail MTA’s work. [NY Times]
Amid legal disputes and the credit-crunch, Forest City Ratner is having trouble financing its $4 billion Atlantic Yards project. [NY Times]
Developer sought for restaurant to succeed Windows on the World in the new Freedom Towers. [NY Times]
Commodities markets in New York and Chicago discuss an $11 billion merger. [NY Times]
Countrywide chief forgoes $37.5 million in exit pay. [NY Times]
New home sales fell 26 percent last year, the steepest drop on record since 1963. [NY Times]
Critics claim a development proposal approved the City Planning Commission yesterday could overshadow the UN building. [NY Post]
Sports bars across the city make preparations for Super Bowl Sunday. [NY Post]
Forest City Ratner could still nix Atlantic Yards plan. [NY Post]
Change underway in the garment district. [NYDN]
Developers buy American Bank Note building in Hunts Point for $32 million. [NYDN]
Premium coffee shops in New York may be nearing saturation point. [NY Sun]
Cost of Fulton Street Transit Center in Lower Manhattan has ballooned to $1.15 billion, says MTA. [NY Sun]