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July 23, 2008

Weiner Likes (Some) Mega-Development in Slow Economy

The Real Estate [NY Observer]
by Eliot Brown and Azi Paybarah

Representative Anthony Weiner, a mayoral hopeful, gave his support for a string of large development projects in the city today, saying they're important in a time of economic uncertainty.

"New York needs to continue to grow–I'm a pro-development guy," he said, speaking at a Crain's breakfast. "If you look at downtown, you look at West Side, you look at Penn Station, you look at Ratner, you look at these things–I think that you're going to see that I'm going to be advocating. I want them to be successful, particularly in this time of slow economic growth."

Then, hitting on his favorite theme, Mr. Weiner said the middle-class does not always see a clear, tangible benefit from the projects, adding, "It does create challenges that we have to solve."


NoLandGrab: In these tough economic times, there's nothing more important than shoveling scarce tax dollars at a basketball arena. Is it any wonder that middle-class New Yorkers — and upper- and working-class NYers, too — are having trouble seeing "a clear, tangible benefit" in that?

Posted by eric at July 23, 2008 11:08 AM