The Round-Up: Wednesday

The MTA’s subway fare hike proposal angered passengers and politicians, and some elected officials said they will try to prevent

The MTA’s subway fare hike proposal angered passengers and politicians, and some elected officials said they will try to prevent it. [NY Times]

Tishman Speyer’s revenues from Stuyvesant Town dropped last year. [NY Times]

Governor Paterson plans to sign a bill into law that will alter the state’s program to encourage developers to build on polluted sites, known as brownfields. [NY Times]

To Starbucks, a closing; to Newark, a trauma. [NY Times]

President Bush told a Houston, Texas fundraiser: "Wall Street got drunk." [NY Times]

An increasingly pessimistic state financial monitor warned yesterday that falling tax revenues and increasing expenses are going to produce monumental, higher-than-forecast city budget gaps starting next year. [NY Post]

Burberry is negotiating a lease for retail space and naming rights at 444 Madison Avenue; Brooks Brothers is expanding its store at 346 Madison Avenue. [NY Post]

The chief of the MTA plans to appoint a manager to run each subway line like a "mini-railroad." [NYDN]

Upper East Side residents are pressuring the Landmarks Preservation Commission to expand the boundaries of the UES Historic District to include 200 more buildings. [NY Sun]

The Round-Up: Wednesday