Bloomberg Optimistic About Development

This afternoon, Michael Bloomberg, David Paterson and a host of other electeds officially announced that Tishman Speyer won the bidding war to redevelop the West Side Rail Yards.

At the press conference, Bloomberg was asked if the worsening economic climate might impact the development plan (in the same way it has reportedly delayed the Atlantic Yards development project).

“Well, you can never be sure of anything,” Bloomberg said. “But I think it is a wakeup call to get going and get these projects going. Sometimes people want to stall and they think opportunities are going to be there forever. That’s not true. When you have an opportunity, those people that are successful seize the opportunities and run with them.” Bloomberg Optimistic About Development