Tuesday, August 30, 2011

Fuzzy math at Willets Point

From Willets Point United:

...EDC is stymieing our attempt to get information about its purchase of properties belonging to House of Spice and Fodera Foods...

...there's the matter of the $400 million that the city has allocated for the land purchases.What we know is that NYCEDC's written responses to questions posed by prospective Phase 1 developers includes the statement that no City capital funds are available to acquire Willets Point property beyond Phase 1 (other than the properties already acquired).

We don't know whether that means that the full $410 million will be consumed by Phase 1 acquisitions, or whether a decision was made to scale back the $410 million to a lower number sufficient only for Phase 1 (and if a decision was made, by whom). Inquiring minds want to know.

So we understand why EDC will not reveal this information but why should the tax payer be allowed to foot the bill for behind closed doors sweetheart deals that give privileged property owners great financial leverage to hold up future development? When all is said and done on Willets Point it will go down in the city's history as a scandalous shame and perversion of basic democratic principles.

And with all that said, the ramps still don't work!

6 comments:

Anonymous said...

So we understand why EDC will not reveal this information but why should the tax payer be allowed to foot the bill for behind closed doors sweetheart deals that give privileged property owners great financial leverage to hold up future development? When all is said and done on Willets Point it will go down in the city's history as a scandalous shame and perversion of basic democratic principles.

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I would be so pleased to see Bloomshit, Shillman, and the rest of that gang thrown in jail for wasting, no stealing, taxpayer money. With the economy going down the crapper (so to speak), this bleeding of funds was unwarranted and, by all appearances, ILLEGAL!!!

Mayor Mike said...

Is that all you got? HA!

Anonymous said...

the city doesevery thing behind closed doors this is nothing new and tax payers pay for it all , its time to leave NY

Anonymous said...

its time to leave NY

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Why should we leave? Ever think of getting rid of the crap elected officials (or former elected officials)? Just sayin'...

Vernon Malcolm said...

Lobbyists get to have the most fun!

krish said...

this bleeding of funds was unwarranted and, by all appearances, ILLEGAL!!!