West Side Stadium proposal blocked (2005)
June 2005What Happened
Mayor Bloomberg and the Jets proposed a $2.2 billion stadium on the same West Side rail yards, with $600 million in public subsidies, partly to anchor New York's 2012 Olympic bid. State Assembly Speaker Sheldon Silver and Senate Majority Leader Joseph Bruno blocked the required public funding vote.
Outcome
The stadium died, the Olympic bid collapsed, and the MTA reopened the rail yards to commercial bids.
Bloomberg pivoted to the Hudson Yards rezoning, which produced the project Related now wants to expand. The same site has now been the subject of two megaproject fights twenty-one years apart.
Why It's Relevant Today
The exact parcel under dispute today was rescued for development only because political opposition killed the previous plan. It is a reminder that 'inevitable' megaprojects on this site have been canceled before.
