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February 26, 2009
Paterson on stimulus spending: transparent, immediate, and effective
Atlantic Yards Report
At a Leaders Briefing on Economic Recovery yesterday, Gov. David Paterson laid out (video) the areas in which the state expect to spend federal stimulus funds.
They include transportation, housing (especially weatherization), energy issues, water and sewer treatment programs, and the establishment of broadband service.
...During the session, Timothy Gilchrist, who heads the Economic Development Recovery Cabinet, explained that $14 billion in project requests are pending for $4 billion in stimulus funds for infrastructure. Some will be eligible, he said, and some won't. They can be tracked on the web site economicrecovery.ny.gov.
...Could Atlantic Yards qualify as transparent, immediate, and effective?
It would be tough to put the Atlantic Yards railyard on the list, as I suggested.
And, argues DDDB, the project would not be in compliance with the American Recovery and Reinvestment Act, because it's not shovel-ready, according to the bill's provisions, and it's a no-bid project.
Posted by eric at February 26, 2009 3:08 PM