Cash for Transit Drives Hudson Yards Plan

James S. Russell comments on the $1 billion deal to redevelop Hudson Yards, and finds the plan lacking in vision.

"In rescuing the $1 billion deal to redevelop Manhattan's Hudson Rail Yards, Related Cos. and Goldman Sachs could create a spectacular shaft of greenery and sky from the western end of Midtown to the Hudson River. The nature of the deal, unfortunately, may squander the city's greatest remaining development opportunity.

The Metropolitan Transit Authority will lease the 26-acre site on Manhattan's far West Side for 99 years, delivering $1.05 billion that the MTA will pour into desperately needed improvements to the region's transit system.

MTA spurned Related's bid last March in favor of one by Tishman Speyer until negotiations broke down early this month. Then Related and Goldman Sachs stepped in, offering similar terms.

Related plans to build more than 12 million square feet of new structures, including about 5,000 apartments, a hotel and 5 million square feet of commercial space. Its plan does not rise to this great occasion."

Full Story: Hudson Yards Deal May Squander Great Site's Design: Commentary

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!