Plans for a new PATH station near the World Trade Center could be shelved, and the $1.9 billion in federal funding for the project redirected, as Governor Paterson is expected to name a new executive director of the Port Authority this week. If the station is canceled, the federal money could be used to help finance the planned renovation of Penn Station, pending the cooperation of Senators Schumer and Clinton and Rep. Jerrold Nadler, as well as Governor Corzine of New Jersey.
|Queens property purchased for $125M by Chinese firm headed to foreclosure|
|JLL I-sales broker out amid merger with HFF|
|This 19th century UES townhouse just traded hands for a loss|
|Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.|
|Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B|
|Marriott to build the tallest modular hotel in the world in NoMad|
|Mueller Report provides new info on Trump Tower Moscow, Felix Sater and more|