Re: (rshsdepot) Fight looms over High Line section

[luckyshow_@_mindspring.com]

These jerks keep reneging...I fear going near that area since I am expecting the amazing Century wharehouses to be demolished leaving the Starrett Lehigh Building like a sore thumb....I despise developers have I ever said so....and will tehy be retaining the amazing chimney at the curve near the P.O. annex?    

Hearing this makes me fed up, hey should have used it for LV anyway

- -----Original Message-----
>From: I95BERNIEW_@_aol.com
>Sent: May 8, 2007 4:01 PM
>To: rshsdepot_@_lists.railfan.net
>Subject: (rshsdepot) Fight looms over High Line section
>
>From Crain's New York Business.
> 
>Bernie Wagenblast
> 
>+++++++++++++++++++++++++++++++++++++++++++++++++++
> 
>Fight looms over High Line  section
>
>By: _Julie  Satow_ 
>(http://www.newyorkbusiness.com/apps/pbcs.dll/personalia?ID=21&category=contact) 
>Published: May 8, 2007 - 3:36 pm
>
>Developers and preservationists are about to face off over  whether to 
>preserve the northern most portion of the High Line, which runs  through the Hudson 
>Yards area where the city is pinning its hopes for  development of the far 
>West Side.
>
>Preservationists are lobbying  hard to keep the structure, which runs from 
>West 30th Street to West 34th  Street. The advocacy group Friends of the High 
>Line recently hired John  Alschuler, president of the consulting firm Hamilton, 
>Rabinovitz &  Alschuler to conduct a study of the issue.
>
>He says that the High  Line would add 7% to the value of residential 
>development at the Hudson  Yards; that the Metropolitan Transportation Authority, 
>which owns the  land, would enjoy as much as $100 million in additional value if 
>the High  Line is preserved; and the city would see another $115 million in tax 
> revenue and payments-in-lieu-of-taxes.
>
>"For anybody who looks at  what is happening in West Chelsea, it is clear 
>that the High Line creates  value for properties around it," says Josh David, 
>co-founder of Friends of  the High Line.
>
>But developers say that keeping the High Line would  add tens of millions of 
>dollars to project that are already costly.  Developers who want to build at 
>the site-the five front runners include  the Durst Organization, The Related 
>Cos., Vornado Realty Trust, Brookfield  Properties and Tishman Speyer- will have 
>to build a platform over the rail  yards, contend with environmental problems 
>at some areas of the site and  face construction obstacles given the varied 
>soil conditions.
>
>"The  cost of renovating and maintaining the High Line will all be born by 
>the  developer, and that cost will determine what developers are willing to bid  
>for the land," says Steven Spinola, president of the Real Estate Board of  
>New York.
>
>The city declared the portion of the High Line that run  through the 
>Meatpacking District and West Chelsea, a city park in 2005. It  did not preserve the 
>northern third of the raised rail line. In the coming  weeks, the Hudson Yards 
>Development Corp. will issue a  request-for-proposal to develop the Eastern 
>and Western Rail Yards,  including the High Line. Tonight it is holding its 
>first public meeting to  reveal details of the RFP. 
>
>According to sources familiar with the  plan, the HYDC will allow developers 
>to bid two prices for the site: one  price if the High Line is preserved and 
>another if it is  demolished.
>
>
>
>
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End of RSHSDepot Digest V1 #1540
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The Railroad Station Historical Society maintains a database of existing
railroad structures at: http://www.rrshs.org