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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

391 F.Supp. 475 (1975)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re Proposed agreements with TRUMP ENTERPRISES, INC.

United States District Court, E. D. Pennsylvania.

March 7, 1975.

Attorney(s) appearing for the Case

Ivan Shomer, Philadelphia, Pa., and Robert D. Brooks, New York City, for trustees, PCTC.

Sullivan & Worcester by Morris Raker, and Edward Woll, Jr., Boston, Mass., and Gratz, Tate, Spiegel, Ervin & Ruthrauff by Spencer Ervin, Jr., Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford RR Co.

David Berger, Philadelphia, Pa., for Penn Central Co.

Arsham & Keenan by Arthur A. Arsham, New York City, for the New York Times Co.

James F. Dausch, Dept. of Justice, Washington, D. C., for the U. S. A.

Herman J. Getzoff, pro se.

Herbert S. Chason, pro se.

MEMORANDUM AND ORDER NO. 1807

FULLAM, District Judge.

The Trustees have filed a petition (Document No. 8001) seeking authority to enter into an agreement with Trump Enterprises, Inc. ("Trump"), a major New York residential developer, for the development and construction of high-rise housing projects on Penn Central's 30th and 60th Street yards, located in the West Side area of Manhattan. The agreement, as amended, contemplates a multiphase development effort...

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