The Round-Up: Tuesday

The MTA delays the service improvements it promised riders a few weeks ago after the fare hike, citing declining real estate tax revenue. [NY Times]

A pair of bus operators will each offer $1 fares between New York and Boston. [NY Times]

New Jersey’s last short track, where dozens of Nascar drivers got their start, closed after 50 years in business. [NY Times]

Less than 36 hours before the MTA’s deadine to select a developer for the Hudson Rail Yards, Tishman Speyer’s proposal appeared to be edging out a joint bid between Douglas Durst and Steven Roth. [NY Times]

The new $2 billion fund that invests in distressed whole mortgages gets backers. [NY Times]

Small developers in Williamsburg are grumbling about the proposed downzoning of Grand Street that would cap building heights at four-stories. [NY Post]

The iconic alley way behind CBGB’s where the Ramones did a photo shoot is being transformed into an outdoor shopping complex. [NY Post]

A look inside the luxe new Yankees Stadium. [NY Post]

“Developers, landlords, and brokers are already in a panic over where and when the credit crunch dominoes will fall.” [NY Post]

The founder of the New York Bird Club proposes declaring a holiday in honor of pigeons. [NYDN]

For the first time in its history the Brooklyn Navy Yard is inviting competitive bids for a plot of land. [NYDN]

The city could face a lawsuit from the brother of one of the crane operators killed on March 15. [NY Sun]

The Round-Up: Tuesday