Who owns the former ROW in Van Cortland Park? Of course, from Yonkers up through Putnam County, it's already a rail trail.
Months of stalled negotiations are back on track that could finally take a long-abandoned rail line and turn it into park land.
CSX Corp., has backed off its earlier demands of $10 million for a mile or so stretch of land along the Broadway corridor that used to be part of the Putnam Line, and instead agreed to have an appraiser give his own assessment of the land’s value.
While CSX demanded $10 million, the city was only willing to pay $2 million, Padernacht told The Riverdale Press.
City officials found the demand to be far too high for property that had not been used for nearly two decades, and which would have limited value in the private market.
There are some, however, who feel the stretch of land between West 230th Street and West 238th Street should have a much lower price tag. CB8’s environment and sanitation committee chair Laura Spalter said in April CSX has donated land for parks projects, including a section of the High Line to Manhattan in 2005.
Padernacht sees opportunity with the land, not only to provide a new “nice and safe entrance” to Van Cortlandt Park, but also something that could benefit businesses along the Broadway corridor stretch.