<div id="subtitle">MTA: Goldman Sachs out, but $1B rail yards deal on Manhattan's West Side to continue unchanged</div><div><p>The Metropolitan Transportation Authority says Goldman Sachs will no longer be a minority partner in a deal to redevelop the rail yards on Manhattan's West Side waterfront, but the project is expected to proceed unchanged.</p><p>Joanna Rose, a spokeswoman for the developer Related Companies, said Monday that it plans to continue with the $1 billion deal and can do so whether or not it finds a new minority partner.</p><p>MTA spokesman Jeremy Soffin says the deadline for finalizing the project has been delayed two months until the end of March to get the paperwork in order.</p><p>The parties have agreed that Related will wait to begin building on the 26-acre site until a number of economic recovery triggers have been met.</p><p>A Goldman Sachs spokeswoman declined to comment.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68262942&bid=informcom" /></div><div id="copyright"><div>

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