Penn Station problems swirl around Vornado … and more

1. Morgan Stanley flags Vornado’s stock, following a New York Times story on Saturday that the $14 billion redevelopment of Penn Station and Madison Square Garden could fail to happen [Crain’s] and [NYT]
2. Renovated Lincoln Center takes shape [Curbed]
3. Rebuilding at closed West Village pub Chumley’s finally underway [Eater]
4. Controversial Carroll Gardens development at 360 Smith Street, once known as the Heavy Metal Building, gets approved [GowanusLounge]
5. Sorting out the ‘moral hazard’ of a housing bailout [NYT]
6. Battle to save Admirals’ Row townhouses at Brooklyn Navy Yard continues [NYT]
7. 96-unit Steelworks Lofts coming to 76 North 4th Street in Williamsburg [Brownstoner]