NEW YORK (AP) -- A New York City official says a plan to build office towers and apartments along Manhattan's West Side waterfront will take decades to finish.
Deputy Mayor Robert Lieber spoke about the Hudson Yards project at an economic development forum Tuesday.
He says the meltdown has crippled financing for most major development in New York City.
Lieber says a subway line extension west to the river is critical to Hudson Yards' success.
The Related Cos. won a $1 billion deal with the Metropolitan Transportation Authority to develop 26 acres of railyards along Manhattan's Far West Side. The project does not have a firm start or completion date.