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February 17, 2009

Decoding "shovel-ready": AY railyard may seem eligible, but with a huge bailout asterisk (and wouldn't be "fully vetted")

Atlantic Yards Report

shovelready01.gif Recently, the Empire State Development Corporation was confused as to whether or not the Atlantic Yards was a "shovel-ready" project, and there was (perhaps calculated or cautious) confusion between Senior Senator Charles Schumer and Governor David Paterson as to whether Atlantic Yards would be eligible for federal bailout money.

Norman Oder explores the meaning of "shovel-ready" and whether or not the railyard work has been "fully vetted," which is a requirement, according to an overview released by the office of House Speaker Nancy Pelosi.

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Posted by lumi at February 17, 2009 5:26 AM