Suspicious Vehicle Shuts Times Square: UPDATE: Reopened After Vehicle Search Turned Up No Explosives

WCBS880.com and 1010wins are reporting that the NYPD has shut down a stretch of Times Square to investigate a vehicle abandoned at the corner of 42nd and Broadway:

The bomb squad is using a robot-based camera to approach the vehicle. Police say the area around 42nd Street between Seventh Avenue and Broadway has been blocked off as a precaution.

The van is a 1992 Dodge, and has tinted windows. A placard from a nonexistent law enforcement agency is on the dashboard. It has no license plates.

A test of the New Year's Eve ball drop that was scheduled for noon was delayed as the police continue their investigation. Pedestrians have been routed away from the scene and a nearby building was partially evacuated.

UPDATE:
The building that was partially evacuated was the Nasdaq market site, which happens to be across the street from the Times Square police substation and diagonally across from the Armed Forces Recruiting Station.

UPDATE:
Gothamist reports that the vehicle was opened up by the NYPD with no explosives discovered within.

UPDATE:
No explosives were found inside the vehicle, which lacked license plates and sported a bogus police placard in the windshield.