October 18, 2006
ESDC releases fiscal "impact analysis," but it only acknowledges benefits
Atlantic Yards Report
Late last month, Atlantic Yards Reporter Norman Oder received this reply from the Empire State Development Corporation in response to his Freedom of Information Law request for the "independent economic impact analysis" the ESDC had allegedly performed relative to the proposed Atlantic Yards project:
"ESDC has reviewed your request for additional documentation with respect to the financial analysis performed by ESDC. At this time there are no additional documents that are subject to disclosure under the Freedom of Information Law. It is possible that additional information will be compiled and made available at a later date. If additional information is prepared for release to the public-ESDC will certainly make the same available to you."
Today, Oder finally received that analysis, and from the looks of it, the ESDC a) is either still holding something back in its "more complete description" of the analysis, or b) never really did any serious analysis in the first place.
NoLandGrab: We're no economist, but a quick read of the document (click here to download a PDF) seems to reveal little that wasn't already included in the GPP or DEIS, let alone anything that would earn a passing grade on an economics thesis, which leaves us still wondering, where's the beef?
Posted by lumi at October 18, 2006 1:32 PM