May 12, 2005
New York City Council moves to block West Side stadium funding
The City Council on Wednesday moved to block a source of funding for the football stadium that Mayor Michael Bloomberg and the New York Jets want to build on Manhattan's West Side.
Lawmakers passed a bill requiring council approval before the city spends money known as PILOTs, or payments in lieu of taxes, which is what the mayor planned to tap for the city's $300 million portion of the $2 billion stadium.
Posted by lumi at May 12, 2005 6:59 AM