Beverly Hills 2/2/2010 3:09:13 AM
Goldman Sachs Pulls Out of $1bil Railway Deal
Financial World News Update by Equities Magazine
The Metropolitan Transportation Authority announced that Goldman Sachs has pulled out of an arrangement to serve as minority partner in a deal to restore the rail yards on New York City’s West Side waterfront. The $1 billion project will proceed despite the banks decision to pull out whether or not it replaces its former minority partner. The deadline for finalizing the project has been delayed an additional two months in order to reorganize. It will now commence at the end of March. Related, the development company that will hold off on construction for the 26-acre site until certain economic recovery triggers have been reached. About EQUITIES: Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community. Sign up for a free one-year subscription
