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June 20, 2009
Brennan, other elected officials ask IBO to update its report on Atlantic Yards
Atlantic Yards Report
Testimony given by George Sweeting of The New York City Independent Budget Office (IBO) indicated that the proposed Barclays arena will be a money loser for the City. The IBO is being called upon to complete its cost/benefit analysis of the proposed Atlantic Yards project.
Assemblyman Jim Brennan and five other elected officials have asked the New York City Independent Budget Office (IBO) to extend its testimony at the May 29 state Senate oversight hearing by completing a new analysis of the Atlantic Yards project.
The letter to Director Ronnie Lowenstein was signed by Assemblymembers Hakeem Jeffries and Joan Millman; State Senator Velmanette Montgomery; and Council Members Letitia James and David Yassky.
IBO spokesman Doug Turetsky responds, "We are considering how best to follow up the testimony with an updated fiscal impact analysis."
Posted by steve at June 20, 2009 10:25 AM