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February 25, 2009
STIMULUS = DEATH?
HOW 'FREE MONEY' MENACES NY
NY Post
by Nicole Gelinas
In an op-ed piece that snuck by us a couple weeks back, Gelinas warns against squandering stimulus funds on operating expenses — and white elephants.
Another potential waste of our finite stimulus money: Developer Bruce Ratner is reportedly lobbying for some of the cash to go to his Atlantic Yards basketball stadium and apartment project.
Sorry, surplus "luxury" apartments and a stadium aren't core infrastructure. This boondoggle shouldn't be taking a dime away from the region's real capital-starved assets - which the private sector needs to be running reasonably well so that it can recover.
Posted by eric at February 25, 2009 11:59 AM