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New York

West Side platform possible for development

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The Metropolitan Transportation Authority announced Wednesday it would have a $833 million surplus this year. The surplus may be used, the MTA said, to create a giant platform over its far West Side rail yards, which it could then sell to developers for apartment and office towers. That’s the good news. The MTA also announced that, despite the surplus, fares and tolls would still be raised in 2007 and 2009 as already planned. more [NYT]

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