Goldman Bails from West Side rail yards...
Started by notadmin
almost 16 years ago
Posts: 3835
Member since: Jul 2008
Discussion about
Apparently unconnected with the two-month extension, Related's minority partner in the deal, Goldman Sachs, has dropped out of the development, providing a blow to the developer financially, if not image-wise as well. http://www.observer.com/2010/real-estate/another-two-months-related-rail-yards-goldman-backs-out-partner
Reminds me of the New York I knew growing up... where an announced project had a 10% likelihood of actually getting built within 20 years.
Perhaps this is the next television city...