Both sides are in the hotel according to numerous reports.
Updates will be posted in right here when available.
added 4:02pm,
added 4:19pm, via TSN,
While there was some optimism Wednesday, the mood in New York has been mixed Thursday.
"All I can tell you is there's a really bizarre dynamic right now and so many mixed signals coming from both sides," tweeted TSN Insider Bob McKenzie Thursday morning.
"On one hand, don't think they're far from agreement on principle issues. But on flip side, clearly a sense this thing is hanging by a thread," TSN's Pierre LeBrun said on Twitter.
added 4:24pm,
added 4:49pm,
added 5:07pm, Reports again say the meeting has started.
added 5:25pm,
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