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November 14, 2004
Games People Play
The New York Times: Opinion: Sport-facility expert/economist, Andrew Zimbalist, explores "hidden public costs" of the West Side Stadium project: * construction of structures in the model but not in the plan, * tax-incremental-financing-type debt repayment (now called "pilot"), and * Olympic conversion costs.
NoLandGrab readers may remember that Zimbalist was payed by Ratner to do an analysis of the basketball arena and 17-tower project in Prospect Heights. Using numbers provided Ratner and other "public information" Zimbalist determined that the Atlantic Yards project would be a net gain for taxpayers. Which leads citizens wondering, from where did he get this "public information" and just when will the ACTUAL COST to the taxpayer be revealed?
Kim-Peebles Report examines Zimbalist's assumptions and conclusions
Posted by lumi at November 14, 2004 8:52 AM