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February 25, 2008

Changing the Way the City Does Business

Gotham Gazette
by David Yassky

Public-policy web site Gotham Gazette offers candidates for City Comptroller the opportunity to tell voters how they would help the city weather an economic downturn.

One idea put forth by David Yassky involves pulling the plug on several hundred million dollars' worth of unjustifiable handouts for Bruce Ratner's Atlantic Yards project.

Of course, the single biggest example of corporate welfare is the proposed Atlantic Yards development. The Bloomberg administration has agreed to give the project's developer at least $100 million in direct subsidies, plus another $400 million to $500 million in tax breaks. In the current financial climate, this handout is impossible to justify.

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NoLandGrab: Critics point out that Yassky's stance on Atlantic Yards has gotten tougher now that he's running for Comptroller, but in fairness to the Brooklyn Council Member, he has teamed up with colleague (and staunch AY opponent) Tish James to try to push legislation intended to end the tax breaks.

A quick glance at Bronx Borough President Adolfo Carrion's platform reveals no such criticism of similar giveaways for a new Yankee Stadium. No surprise there.

Posted by eric at February 25, 2008 6:55 PM