New York to weigh five bids for Manhattan waterfront development

10/12/2007 | International Herald Tribune

One of the last undeveloped frontiers in New York City, a rail yard site on Manhattan's West Side, has five developers vying for the right to build office towers, apartments, hotels and parks. The winner will likely need to spend $1.5 billion just to cover the existing rail yards owned by the Metropolitan Transportation Authority, in addition to billions more on development rights and construction.

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