For Related's project at Manhattan's Hudson Yards, the company began looking around for financing at least a year ago.
It's called Hudson Yards, a small urban village of high-rises, parkland, retail businesses and cultural institutions in the West 30s.
Once completed, the 26-acre Related Hudson Yards will become of the most significant development projects in the U.S. since John D.
FORBES: Billionaire Stephen Ross Steps Down As CEO Of Related Cos
That's because Related Cos. is preparing to begin raising the decking over the Hudson train yards that will support their Hudson Yards towers.
The Bloomberg administration is expected to create more than 6, 000 permanently affordable units, including in large development projects such as Hudson Yards and Seward Park.
If the Hudson Yards project continued without the casement, officials said, it would block access for any new tunnel projects looking to serve Penn Station's existing tracks.
Sounds great, and developers are accustomed to this kind of pay-to-play, but the plan is based on an untested model devised for the unbuilt Hudson Yards development.
The extension would improve access from the suburbs through Midtown, the yet-to-be-built Hudson Yards development on the West Side and along the existing No. 7 train corridor into Queens.
Up next: breaking ground at Hudson Yards in October.
FORBES: Billionaire Stephen Ross Steps Down As CEO Of Related Cos
The move is new ground for closely held Related, which recently began work on its 26-acre Hudson Yards project in Manhattan, a mixed-used project that is the largest development in the city.
Meanwhile, at downtown's rival office neighborhood, Hudson Yards, on the Far West Side, the first building broke ground in December, at a ceremony where developer Stephen Ross beamed, flanked by the city's heavyweights in business and politics.
The senators leapt at the chance to secure funding for the tunnel box through Congress's Sandy relief package, in part because it was the best chance they had at getting the funding quickly, before Hudson Yards starts to rise.
The Bloomberg administration is considering such a delay because it doesn't want to create competition for the city's ambitious Hudson Yards project on the Far West Side, where developers are still seeking anchor tenants to help get large office towers off the ground.
In a deal structured by the city and the MTA, the financially strapped agency that runs New York's public transportation system and is selling its surplus properties to meet its growing deficits, the Jets would have bought the abandoned Hudson Rail Yards on Manhattan's far West Side for a new football stadium.
Nathan Dyer cut inside Lee Naylor from the right-wing and teed-up Emnes but the on-loan Dutchman from Middlesbrough fired his shot at the diving Hudson from 10 yards.
Related is competing to develop a 26-acre site atop rail yards on the edge of the Hudson River in New York, with media and entertainment company News Corp. as the anchor tenant in its proposal.
Related is competing to develop a 26-acre site atop rail yards on the edge of the Hudson River in New York, with media and entertainment company News Corp. (nyse: NWS - news - people ) as the anchor tenant in its proposal.
On one occasion he chased the car some 500 yards (460m) and when Ms Hudson tried to speed up, Phil took to the air to continue his pursuit.
The EPA says it's almost half way to its goal of removing 2.65 million cubic yards of contaminated sediment from a 40-mile stretch of the upper Hudson.
This year, for example, General Electric will dredge 1.8m cubic metres (2.4m cubic yards) of PCB-contaminated sediment out of 60km (35 miles) of the Hudson.
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