From the Daily News:
...a little-known pool of public money known as the capital discretionary fund...is the Council's other slush fund - about $375 million this fiscal year alone, or eight times the size of the controversial, better-known slush fund Council members use for pet programs.
In fiscal 2009, Council members set aside capital money for more than 1,000 building and renovation projects, mostly specific schools, parks and libraries.
A handful of times, the Daily News found, money was set aside for for-profit entities, usually to build affordable housing.
Some of the beneficiaries returned the favor with campaign donations.
Peter Vallone Jr.
Councilman Vallone sponsored $250,000 toward D&F Development's construction of 58 affordable apartments for seniors next to the St. George Episcopal Church in Astoria.
That was on top of state-sponsored tax credits that allowed D&F to raise $7 million to help fund the project.
Executives with D&F and their wives donated $7,500 to Vallone's 2009 campaign. D&F did not return calls.
Vallone said D&F requested a subsidy to cover the cost of preserving the church, which owns the land.
He also noted he has been friends with D&F partner Leonard D'Amico for years.
"I would be disappointed if he didn't donate to me," Vallone said.
While acknowledging that most of the $250,000 will end up with D&F, Vallone said his "sole motivation was preserving this beautiful landmark church."
HA HA HA HA HA HA!!!!!
Yes, Peter Vallone, Jr., champion of preservation... That historic church looks great with a big steaming pile of Fedders shit next to it, doesn't it?
FYI: The parsonage that was torn down for this was more historic than the church!
Photo by aviator_rob on Panoramio