The powerful head of Vornado Realty Trust appeared to knock the wind out of Gov. Kathy Hochul’s plan to erect new office skyscrapers in the Penn Station area on Tuesday, when Chief Executive Steven Roth said the time is not right for major new development.
Publicly traded Vornado owns most of the 10 sites in the West 30s earmarked for large-scale rebuilding. Roth made the shocking retreat in an investors’ conference call on Tuesday. After he pointed out improvements Vornado has made in buildings near the station that it already owns, he seemed to call a pause in putting up any new ones.
“I must say that the headwinds in the current environment are not at all conducive to ground-up development,” Roth said.
Asked if it meant he would change or scale down the state-endorsed plan for the Penn Station neighborhood, he said, “That’s not something we’re going to get into now.” He apparently meant he wasn’t ready to discuss the matter.
6 comments:
This is all Joe Biden’s fault.
Stinky Milk NYC is not the gem it used to be.
It's a dying city filled with crime, high taxes on the middle class and welfare cheats.
Finally, a voice of sanity.
What happened to build baby build ?
Horseface Hochul had a grand old plan/
Build a bunch of buildings for the votes of union man/
Landlords said no way we need that space/
Our tenants our nonexistent/
We hope you lose the race!
KATHY! KATHY HOCHUL!
QUEEN OF THE CUOMO FRONTIER!
Hochul hitched her wagon to old Mario's son/
He was mighty famous so she thought it was fun/
But once that rat faced Andy grabbed one ass too far/
She tossed that guinea under a subway car!/
KATHY! KATHY HOCHUL!
SHE FRIGGIN HATES THE SOUTHERN TIER!
Now the election is just days away/
58 of 62 counties won't go her way/
But it doesn't matter, so I've been told/
Dumbass New Yorkers are ruled by Manhattan zip codes!
She’ll still win against the fascist on Tuesday.
Prove me wrong.
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