Once believed to be a cash cow for the city, the controversial Atlantic Yards Project could be a “money-loser.” A study by the Independent Budget Office finds the projected $25 million in revenues for the city will actually be a negative return on the city’s $205 million investment in the controversial, land-grabbing stadium complex. |NYDN|
by Will Sherman on June 4, 2009 at 10:00 am
Editor-in-Chief:
It is much harder than ever to stick with a good budget these days. Seems like the cost of living has gone up so much.