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February 16, 2009
Stimulus Fund Watch
Bruce Ratner's Atlantic Yards seems to be the only NY State project for which reporters and taxpayers ask Governor Paterson, "Are you really thinking of giving money to THAT project?"
While everyone [including Bruce (wink!)] is on Stimulus Fund Watch, here's the latest from The Times:
The state would also receive $1 billion in highway financing and $1.3 billion for transit projects, nearly all of which would go to the Metropolitan Transportation Authority. The authority has said it planned to spend about $500 million of the money on the Fulton Street Transit Center in Lower Manhattan. The project, plagued by soaring costs and delays, involves the renovation of a tangle of interconnected subway stations and the construction of an architecturally ambitious glass building above them.
The authority has a long list of other projects that could get some of the stimulus money, including subway and commuter rail station renovation and improvements to behind-the-scenes infrastructure like rail yards and shops.
NoLandGrab: Keep in mind, the only reason that Vanderbilt Yards would have to be "improved" is because the tracks must be moved to accommodate a new arena for Bruce Ratner's NJ Nets.
Posted by lumi at February 16, 2009 5:25 AM