The space above Hudson Yards, which could be home to over 12 million square feet of new offices and residences, is up for sale.
"Gov. Eliot Spitzer announced Friday that city, state and transit officials have begun soliciting bids for the right to build over a big rail yard where Mayor Michael Bloomberg wanted to put a new stadium to host the New York Jets and the 2012 Olympics.
That project failed two years ago - along with the city's bid for the games.
Now, the city hopes to find a deep-pocketed developer or two willing to put a deck over two sections of the property and build office towers, apartment buildings, parks and a cultural center."
"Spitzer declined to name an asking price Friday, but said the Metropolitan Transportation Authority, which owns the land, hopes to raise enough to erase a $1 billion deficit in its construction budget."
Read the full story: For Sale: Manhattan Waterfront
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