Developers say it will probably cost $1 billion to build platforms over the yards for skyscrapers as tall as 70 stories, and the work must be done while Long Island Rail Road trains are running. Some residents want assurances that the development will include permanent housing for poor and working-class families. And a sharp debate is emerging over whether to tear down the northern end of the High Line, an unused railroad structure that is being converted to an elevated park south of 30th Street.
Auction May Turn Manhattan Railyards Into 3rd High-Rise Business District
The plan, which is likely to take more than a decade to complete, calls for the construction of 12.4 million square feet of commercial, residential, recreational and cultural space over the railyards that span 11th Avenue between 30th and 33rd Streets.
Update, 5/18/07, Daily News:
Bidding for new Hudson 'nabe' on horizon
From the NY Sun, previously:
New Hudson Yards Plan Hits an ‘Affordable' Hurdle
Photo from the NY Times