The Round-Up: Thursday

Even though City Council informed Bloomberg that he is required to distribute homeowners’ rebate checks, the mayor continues to suggest they won’t be sent out, telling New Yorkers to “plan for the worst, and hope for the best.” [NY Times]

The partners behind the World Product Centre—a tower dedicated to the medical industry planned for Hudson Years—begin marketing 10-year leases for the building. [NY Times]

As the MTA struggles to close next year’s budget, a crucial five-year capital plan with its own budget constraints looms on the horizon. [NY Times]

New proposals by Related Companies, Youngwoo & Associates and the Durst Organization to develop the West Side’s 15th Street pier to be unveiled today. [NY Times]

NYPD and the FBI embroiled in a battle over terrorism surveillance. [NY Times]

With the Dow below 8,000 points, how much worse can things get? [NY Times]

Trains on the Lexington Avenue subway line—the city’s busiest—are so packed they often leave passengers stranded on the platform. [NYDN]

If MTA’s new budget (to be released today) is approved, downtown New Yorkers will lose a crucial bus running running between the East and West Village. [NYDN]

A Red Hook community center providing women’s health care services is evicted from its Clinton Street offices to make way for the Police Athletic League. [NYDN]

City finally approves a $12 million project to revitalize a stretch of Sutphin Boulevard in Jamaica. [NYDN]

New city data shows a 24 percent jump in food stamp program participants since 2004. [NYDN]

Bronx Zoo nixes annual Holiday Lights Show to save money and the environment. [NDYN]

With the situation so precarious on Wall Street, co-op boards are vetting applicants with ever more veracity. [NY Post]

Gimme Shelter: The Plaza’s Astor Suite takes a $17 million price-cut and lands back on the market; Justin Timberlake closes on a $5.25 million Tribeca condo; a seventh-floor Dakota co-op hits the market for $14.5 million; writer and director James Toback offers up his Majestic digs for $3.75 million. [NY Post]

The Round-Up: Thursday