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December 18, 2009
Financial 411: Inner Citi Problems
WNYC Radio
Former Crain's NY Business editor Greg David, who four years ago made believe he was having second thoughts about the unfettered use of eminent domain when his far-wiser teenage daughter challenged him about it, has apparently had a re-change of heart, telling Financial 411 host Amy Eddings:
"Daniel Goldstein, the person who's been holding out against [Bruce Ratner's Atlantic Yards project], had better start packing his bags."
The segment begins around the 3:30 mark.
NoLandGrab: Daniel Goldstein is hardly the only person in the project footprint whose property is not for sale, especially for a money-losing, subsidy-sucking arena. Given Mr. David's experience as editor of a business magazine, we'd have expected him to understand the concept of return (or in this case, the lack of return) on investment.
And as for the young Ms. David, all we can say is: we're sorry, it's not your fault, we don't get to choose our parents.
Posted by eric at December 18, 2009 7:45 PM