Sunday, December 27, 2009

Bloomberg excited over money-losing project

From Atlantic Yards Report:

A statement from the mayor:
“While the rest of the country wrings its hands about the national recession, we’re building our way out of it. The $4.9 billion Atlantic Yards project - the most extensive development ever undertaken in Brooklyn - is moving forward, bringing thousands of units of housing and thousands of jobs for New York City’s middle class. In the past few weeks alone, we’ve made major investments or reached critical milestones on development projects decades in the making at areas like the Hudson Yards, Hunter’s Point South, Coney Island, Willets Point and other neighborhoods across the City. This is no time to wait and see what happens with the national economy and just hope for the best. We’re acting more aggressively than ever to create jobs and ensure New York City’s best days are still to come.”
Well, as the mayor conveniently forgets, the New York City Independent Budget Office (IBO) found the arena--the only part of the project with a design--to be a net loss for the city. As for the thousands of units of housing, they depend on yet-to-be-announced city subsidies.

And while construction of the arena and other buildings surely would bring construction jobs, the number of permanent jobs projected has been steadily shrinking, with the market for office space questionable.


Fed Up said...

It's all about the spin. Bloomtard can weave a lie from nothing and make everyone believe it. Time to go. Impeach the lying bastard now before it is too late!

Anonymous said...

He and Ratner are two peas in a pod from the same tribe, no?

Anonymous said...

Who would want to drop $75 to see the worst team in NBA history????

Suzannah B. Troy artist said...

I am extremely tired but this is one of my last YouTubes of the year and it slams Bloomberg big and bad including for mass evictions. He really thought he could support mass evictions and that he would still get an overwhelming amount of votes.

I make a joke -- I ask if it is against some law for a mayor to show up at an eviction rally. Sickening really the land grabs and mass evictions. The only thing Bloomberg, the wicked witch Amanda socialite mega million -- the people's Burden (thanks to Queens Crap anonymous commentor for the people's BURDEN) and other greedy developers including Ratner, Columbia University, NYU -- John Sexton the darth vader of higher ed did not do is supply buses and trains to move us out.