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MTA BID Comparisons
As of 7/25/2005
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Forest City Ratner Companies |
Extell |
![](/"images/spacer.gif") |
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|
Overview |
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Total Bid Value
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$492,400,000 |
$325,400,00 |
|
Private Finances |
$392,400,00 |
$175,400,00 |
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Public Finances
|
$100,000,000 (20%) |
$150,000,000 (46%) |
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Detail Summary
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|
|
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Construction of New Vanderbilt Yard
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$182,000,000 |
$42,000,000 |
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Environmental Clean Up
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$20,000,000 |
$0 |
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Transit (Subway Station) Improvements
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$29,000,000 |
$0 |
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New Tax Revenues
|
$23,000,000 |
$0 |
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MTA Ongoing Operating Expenses
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$25,400,000 |
$25,400,000 |
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Extraordinary Infrastructure (retaining wall, foundation and other structures)
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$163,000,000 |
$108,000,000 |
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Cash |
$50,000,000 |
$150,000,000 |
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Community Benefits
|
|
|
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Community Partnership |
|
Legally Binding Community Benefits Agreement |
No Community Benefits Agreement |
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Affordable Housing Units
|
|
2,250 |
573 |
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Permanent Jobs (Office & Arena)
|
|
7,520 |
0 |
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Construction Jobs
|
|
15,000 |
less than 5,000 |
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Community Facilities |
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4 Schools
Intergenerational Center
Youth & Child Care Facilities |
Community Center or 1 School |
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Job Quality |
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Project Labor Agreement
All Union Construction |
No provisions for or commitment to job quality |
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Minority & Women
Business Opportunities |
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$750,000,000- construction contracts |
? |
| |
20% of Post Construction Contacts (Including Arena Concessions) |
0 |
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