West Side Stadium A Fiscal Fumble
Richard Gottfried (D-Manhattan), whose district includes the stadium site, argues that the governor's plan for an Olympic/Jets Stadium at 34th Street is both fiscally and logistically absurd.
Despite a cost of $1.2 billion, plans for the new Jets Stadium on Manhattan's West Side are going forward. In this editorial, the local state assemblyman rails against the financing of the building, which would cost taxpayers $600 million directly and up to $1 billion in Metro improvements, as well as the proposals planning itself. In terms of site choice, Gottfried argues the riverfront property alone could be worth $2 billion in revenue for much-needed essential services.
Thanks to Jeffrey Goodman
Full Story:
Published on Wednesday, June 23, 2004 in
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