March 26, 2004
NYC to divert housing $ for Hudson Yards?
More details are trickling in on New York's Hudson Yards plan: The latest is that the city's $350 million share of an expanded Javits Convention Center would be paid for by raiding PILOTs (surely you remember PILOTs) paid to the Battery Park City Authority, which have previously gone toward building low-income housing. State assembly speaker Sheldon Silver immediately declared that he wouldn't stand for any pilfering of Battery Park City money, calling the proposal "a blatant slap in the face to the people who lived through the tragic events of September 11, 2001."
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