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March 29, 2005
Alternate realities
Further evidence that the Metropolitan Transportation Authority board has a tough decision ahead in picking a winner of the New York Jets-vs.-Cablevision bidding war: Yesterday, the MTA released details of the two bids. Here's how Newsday reported it:
The Jets and six partners are offering the MTA up to $720 million for development rights to the authority's West Side rail yards, while Cablevision is offering about $425 million.
And here's how the Associated Press reported it:
The New York Jets were outbid by Cablevision in their attempt to buy the Metropolitan Transportation Authority's rail yards and build a stadium on Manhattan's West Side.
Ah, yes, that clears things up. The New York Times, which sensibly declined to name a winner, reports that if the MTA board does not vote on Thursday, it will likely announce a one-week delay. Because what about this bid process could possibly take more than a week to figure out, right?
