Thursday, February 16, 2012
Shovel-ready stimulus projects never completed
Three years after President Barack Obama signed the controversial $780 billion American Recovery and Reinvestment Act, projects that were approved for millions of stimulus money in 2009 and 2010 languish in the “not started” category of government data, NBC New York's I-Team has found.
The goal of ARRA was to inject money into the economy, much of it on so-called “shovel-ready” projects, and to ultimately create jobs and reverse or stop the deepening recession.
But as of February 2012, more than 200 approved projects totaling more than $200 million in New York, New Jersey and Connecticut are still listed as "not started," according to data analyzed by the I-Team in partnership with ProPublica.