From the NY Post:
Maybe the Port Authority would rather hike tolls than collect the $2.7 million it is rightfully owed from a politically connected nonprofit in Queens.
The PA forked over the taxpayer cash to the Greater Jamaica Development Corp. in 2004 as part of a phantom revitalization effort in downtown Jamaica.
Greater Jamaica, which has ties to Rep. Gregory Meeks, spent the $2.7 million to buy a run-down 6,000-square-foot building that housed a grocery store.
The nonprofit’s grand plan was to have a developer tear down the building and another next to it and replace them with a gleaming office tower that would house JetBlue airlines or other corporate tenants. The site — dubbed JFK Corporate Square — is next to the AirTrain connection to Kennedy Airport.
But eight years later, there is no corporate tower and very little to show for the investment. JetBlue decided to build a headquarters in Long Island City.
Under the terms of the 2004 deal with the nonprofit, the PA was supposed to get its money back or take ownership of the building if no development took place by the end of 2008.
Instead, Greater Jamaica sank at least $20,000 into renovating the property and uses it as an occasional meeting room.
3 comments:
LOL! Here's a newsflash readers-- Jamaica is and has been for 40 years, little better than downtown Kabul or Bagdad. It's a demilitarized zone. No one in their right mind will ever walk the sidewalks there or spend a dime. But go right ahead, keep pouring millions of our tax money into it. Can't stop you, right?
The PA tolls went up last year. They're going to go up this year and then next year. Already scheduled is a $15 (FIFTEEN)crossing of the Hudson River via the GW Bridge and the Lincoln/Holland tunnels.
The Greater Jamaica Development Corporation "honored" former PA Director Christopher Ward at their fundraising "gala" at the end of last year. Christine Quinn introduced him to all the big shots in attendance.
So, what else is new?
Jamaica is saturated with politicos on the take
Let's start with "Reverend" Floyd Flake who stayed in congress just long enough to steal $20 million dollars for his "church". Another snake in the grass.
Jamaica is crawling with them.
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