Sunday, May 15, 2005

Jets Stadium and Corporate Welfare

Cover article in the TU on the new Jets stadium that the people of New York will be paying for but apparently don't want. How about it? Want to pay higher taxes to make another one of George Bush's friends even richer? I don't.

Sidenote: It will be interesting to see if the Times Union does a similar article on the proposed Albany Convention Center which will also be funded by the tax payers and which also won't make any money. To the money quotes:

"What are we supposed to get out of this stadium?" asks Ten Eyck, "It sounds like a great boondoggle for Manhattan."
"This is a project that the local community does not want, the local city does not want, the voting population of the state does not want and would waste hundreds of millions of state funding," Canestrari said."

"This would never fly in the private sector," said Sen. Eric Schneiderman, D-Manhattan"

"The notion that this is a good economic investment is a real stretch of the imagination" (Andrew Zimbalist)

So there you have it. An extra $1,000,000,000 in your tax dollars to pay for a new stadium for a billionaire. Seems like if anyone should be spending an extra billion, it should be him, since he has it already and we don't.