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Nader Slams NYC Snapple Deal

Posted by: Abhijeet Chavan
Thanks to: Michael Dudley
17 September 2003 - 12:00pm

Mayor Bloomberg has committed New York City to naming Snapple as the official water, juice and iced tea provider for the nation's largest metropolis. The elaborate five-year agreement -- not publically available -- transferred $166 million

Cities were viewed more benignly when they were more livable, more employable at good wages, more replete with public institutions like good libraries, good public transit, good schools, good hospitals and clinics and good recreational facilities in the neighborhoods. New York City is crumbling on these measurements.

Full Story: Big Snapple? Selling the City, Drink by Drink
Source: Common Dreams, September 15, 2003
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.
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