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December 14, 2006
A billion here, a billion there
Field of Schemes picks on today's Post editorial:
Rupert Murdoch's monkeys are at it again.
Atlantic Yards Report theorizes that the $5.6 billion figure just adds up future tax receipts instead of figuring their present value - by my calculations, though, even the present value of $5.6 billion spread over 30 years would be at least $2.6 billion. More likely is that someone in the Post editorial offices has been sampling the funny meatballs.
FOS also reports that the Empire State Development Corporation "hopes to have a new [& improved] memo available soon that will spell out the revised costs and benefits" of the Atlantic Yards proposal.
Posted by lumi at December 14, 2006 6:59 PM