Brookfield bows out … and more

1. Brookfield drops
out of the Hudson Yards race, but leaves open the possibility that it could
still be involved somehow [Sun] and [NYT]
2. Confusion over just how big Atlantic Yards will be [Crain’s]
3. Two impostor inspectors charged with extorting contractors [NYT]
4. Spanish retailer Zara is coming to Fifth Avenue and 42nd Street [Post]
5. Credit crunch begins to hit smaller banks [NYT]
6. Plaza hotel officially re-opens Saturday [NYDN]
7. GM confident that problems at its lender GMAC can be solved [NYT]
8. Bush threatens to veto bill that would let bankruptcy court
judges change mortgage terms to restructure a debt in a bankruptcy filing [NYT]