Sunday, August 16, 2009

Bloomberg uses federal stimulus money to bailout private developers

From the NY Times:
The Bloomberg administration, moving to restart stalled development in the heart of Downtown Brooklyn, has picked a big housing and retail complex to receive $20 million in tax-exempt bonds financed by the federal stimulus program. The complex, City Point, would bring hundreds of apartments and a large shopping center to the eastern end of the Fulton Mall.
The city also selected a project to build a supermarket and shopping mall at Arverne by the Sea, aSource: Queens Crap RSS Feed

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