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January 18, 2009
Bloomberg's economic plan
Crain's
Mayor Michael Bloomberg's plan to bolster the New York City economy is a major step forward on two counts. It provides a clear signal that city government is willing to take significant action amid the economic crisis. It also raises the bar for Mr. Bloomberg's likely opponents in this year's election—Comptroller William Thompson and Congressman Anthony Weiner—when they offer alternatives.
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But the mayor failed to address some key issues. He never explained how he would continue major economic development projects such as Willets Point with diminished resources and a lack of commitment on the part of the private sector to move forward on these plans. He didn't mention the Atlantic Yards or West Side rail yards projects and whether he thought more government subsidies are appropriate to move them forward.
Posted by amy at January 18, 2009 9:32 AM