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April 17, 2006

The Phantom Vetoes

The Real Estate Observer
By Matthew Schuerman

Pataki vetoed subsidies for the Mets and Yankee stadiums when the money was appropriated twice in the current budget under review. That's two line items and only one veto. Meanwhile regarding taxpayer financing for the Nets arena:

The Governor is also committed to seeing that Atlantic Yards get the full $100 million coming from the state, the aide said. That means that, in addition to the $66 million budget appropriation, Pataki will make up the difference by applying some of his discretionary funds to the arena-and-housing complex or through other means.

So much for fiscal belt-tightening.

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Posted by lumi at April 17, 2006 8:21 PM