Fortis Property Group and NYU Langone Medical Center are currently negotiating with the state.
The hospital will stay open after advocates struck a last-minute deal to maintain services.
The State University of New York agreed to maintain some medical services as negotiations continued.
Judge Johnny Lee Baynes told the top bidders to work together to save LICH's medical services.
New details on the settlement were announced Friday afternoon at the Brooklyn Supreme Court.
LICH advocates and attorneys for state officials reached an agreement on the hospital, they announced.
Elected officials, community advocates and actor John Leguizamo held a press conference on Friday.
A lawsuit by SoHo residents to force removal of the Citi Bike station in Petrosino Square was dismissed.
Judge Robert Miller ruled to maintain service levels at LICH, officials say.
A group of angry residents filed a lawsuit demanding the city move a bike station from the SoHo park.
Jim Walden, who is fighting the Prospect Park West bike lane, has offered his help to Upper East Siders.
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