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March 30, 2007
Words fail me
The Daily Gotham
In reference to news that NY State approved Atlantic Yards without reviewing financial projections, "Bouldin" makes "two really simple and basic points:"
One, Since FCR wants your money to build its monstrosity, the least, the absolute least they can do is tell you how they intend to spend it.
And two, this is the kind of crap that happens when you don't have a real legislature. Neither the State Assembly nor the State Senate have ever held hearings on a $4 billion development subsidized with public money and, as we're now finding out, for which the developer
Has.
Not.
Submitted.
A business plan.
If anyone can imagine a better example of a complete failure of oversight, please, I'd like to hear it.
Posted by lumi at March 30, 2007 6:55 AM