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December 22, 2008
Looking Ahead to the New Year
Gotham Gazette asked some notable New Yorkers for their predictions for 2009.
Bruce Ratner's Atlantic Yards megaproject was on the minds of City Councilmember Letitia James and Julia Vitullo-Martin of the Manhattan Institute:
City Councilmember Letitia James
Atlantic Yards will not be built.
Julia Vitullo-Martin, senior fellow, the Manhattan Institute
The city looks a little bit better off than it actually is. Major projects all over New York are slowing or stopping altogether. The most mesmerizing are the highly subsidized, politically favored, allegedly private sector projects, for which Atlantic Yards is the poster child. Forest City Ratner has halted work and laid off staff while asking for even more government subsidy. Will our elected officials really have the gall to raise our already excessively high taxes while directing hundreds of millions of dollars more into Bruce Ratner's sink hole in downtown Brooklyn?
Let's hope that 2009 becomes the year in which corporate socialism, and its bloated projects, is ended in New York once and for all.
Posted by lumi at December 22, 2008 5:10 AM