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Atlantic Yards – Nets Arena Promises Unkept

July 12, 2011

Beware of corporate welfare recipients and their promises. Look before you leap.  The is a model of blog activism.

Before Nassau Coliseumscam I was involved in fighting the eminent domain and corporate welfare scheme known as Atlantic Yards in Brooklyn.  Unfortunately, taxpayers and property owners lost that one.

Mangano & Co. say nothing can go wrong and that the revenue projections are a sure thing.   Well, no.  Remember Lehman Bros, Fannie Mae, Bear Stearns and the mortgage crisis.  Things can go south and in a hurry.  Look at the Wilpons and the Mets.

See my article NYC MTA’s Bailout Of Brooklyn Atlantic Yards Developer

Another public service message from Richard Cooper and the Libertarian Party of New York.  20 days to go.  Separate sports and state.


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One Comment
  1. James permalink

    I think you need to read this….cause voting no for this Arena project would be extremely hurtful to our economy.

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