January 21, 2003
NYC $3B Olympic stadium plan "a rough row to hoe"
"It sounds like a rough row to hoe," says Dallas City Hall TIF expert Ryan Evans of New York's plans to pay for Olympic development with future property taxes. "Because someone has to take the risk, and then hope there's enough taxes generated to pay it back." Adds NYU economist Emanuel Tobier: "If you're going to rely on these distant forecasts, you're looking for trouble. That's how we got the stock market bubble." For more, read my article.
Posted by Neil deMause
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