Pretty simple. Fred Wilpon and Saul Katz are real estate guys who largely snatched the team from Nelson Doubleday to start a big project across the street. The City is planning on kicking all their neighbors off their land so they can give it to Wilpon for free so he can develop a "neighborhood" on it.
They plan on building a high rise and shopping on what's left of the parking lot adjacent to 126th Street and will develop the land across the street their neighbors are going to be kicked off of. The value of the land the City is giving them for free is $500,000,000. Total cost of the "neighborhood" is going to be at least $3 billion.
Here's a piece about the development.
http://articles.nydailynews.com/2012...erry-antonacci
As much as anything this big handout is why Wilpon refuses to sell the Mets.
As we've seen, he's not especially interested in baseball or winning.