The Afternoon Wrap: Tuesday

MTA faces a troubling future as the failing economy has made service cuts and fare hikes by late December a very real possibility. [NY Times]

Another preservationist’s battle, this one over whether the South Street Seaport’s century-old Fulton Fish Market can be safely relocated to make way for General Growth Properties’ redesign of the port. [City Room]

A hated “alien pod” condo development in the West Village falls on hard times. [Curbed]

More trouble at Chupi: Richard Gere knocks down the asking price on his four-bedroom condo to $15 million from $17.995 million. [TRD]

The former home of The New York Observer goes up for sale, as Quinlan Private, run by Irish hotel honcho Derek Quinlan, puts its townhouse at East 64th Street on the market for $36 million. [TRD]

More of the 50 most influential people in Brooklyn real estate: Nos. 31 through 40. [Brownstoner]

Bay Ridge’s controversial Green Church finally bites the dust. [Bay Ridge Rover]

The East Village’s storied Italian restaurant, John’s, to celebrate its 100th anniversary with a roll back to 1908 prices. [EV Grieve]

Bronx Community College breaks ground on a $102 million, multi-purpose building designed by Robert A.M. Stern—BCC’s first new academic building in 35 years. [West Bronx Blog]

The Afternoon Wrap: Tuesday