Atlantic Yards – Nets Arena Promises Unkept
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.