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January 16, 2009

At IDA hearing, Brodsky warns of "complete breakdown of the issuance of public debt"

Atlantic Yards Report

Norman Oder rounds up coverage of testimony from yesterday's "public hearing of the New York City Industrial Development Agency (IDA) on additional tax-exempt bonds for the New York Yankees and New York Mets."

State Assemblyman Richard Brodsky pointed out:

"This event and this vote and this hurried process is only greater evidence of the complete breakdown of the issuance of public debt in New York State."

One columnist believes that triple tax-exempt bonds are "hardly a handout," while Neil deMause points out that the New York Times has suddenly seen the light, practically after the fact (and in contrast to the paper's stance on Bruce Ratner's megaproject).

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Posted by lumi at January 16, 2009 5:53 AM