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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.  http://www.nolandgrab.org/archives/2011/07/unity_a_despera.html  The nolandgrab.org 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 http://groundreport.com/articles.php?id=2902243

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. http://islanders.nhl.com/v2/ext/HUB%20REDEVELOPMENT%20PROJEC_001.pdf

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