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November 6, 2009
New York City's Comptroller: John Liu
WNYC Radio [The Brian Lehrer Show]
New York City Comptroller-elect John Liu gets asked by "Lenore in Brooklyn" about the Atlantic Yards project, beginning at about the 10:20 mark. Says Liu:
"Large developments like Atlantic Yards... have used up quite a bit of taxpayer subsidy in exchange for promises; the promises have been slow to materialize. I will use the full audit powers of the Comptroller's office to take a look at what in fact has transpired and set each one of these projects on a timetable to actually deliver those promises."
Related coverage...
Atlantic Yards Report, On Brian Lehrer, caller asks about "enormous" AY subsidies; Liu says he will ensure benefits; why not look into PILOTs and naming rights?
Better yet, he should take a look at the Department of Finance's arena block assessments and gauge whether the agency has, as with Yankee Stadium, stretched credulity with its numbers.
And why can't he recommend a city policy regarding the selling of sports facility naming rights, which most jurisdictions simply give away (but shouldn't)?
Posted by eric at November 6, 2009 12:38 PM