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July 11, 2010
A caution on public-private partnerships when it comes to parks
Atlantic Yards Report
Atlantic Yards is supposed to be a public-private partnership (or, more likely, a private-public partnership), but developer Bruce Ratner famously told Crain's last November, "Why should people get to see plans? This isn't a public project."
So the public-private balance is tough to navigate--and not just with development projects. And it tells a story about city mayors, including Mike Bloomberg.
Read the rest of this blog post to see how, despite claims by the city that "private investment allows it to target limited taxpayer resources to the parks most in need," showplaces like Central Park prosper while much city parkland is neglected. Lack of city funding is cited. Spending by the city for parks maintenance and operations has dropped from 1.4 percent of city funds in 1960 to 0.37 percent in the latest budget.
Posted by steve at July 11, 2010 8:42 AM