Field of Schemes
sports stadium news and analysis

  

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November 12, 2002

NYC Olympics plan: smoke and mirrors?

The plan for bringing the 2012 Summer Olympics to New York would commit the city to $5 billion in construction projects, based on a tenuous financing plan that could fall victim to real estate slumps, cannibalization of the existing property tax base, or ... oh, heck, just read the article, I wrote it.

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