Thursday, September 30, 2010

The question Marty Markowitz can't answer regarding the "green cards for Atlantic Yards"

Brooklyn Borough President Marty Markowitz plans to join Bruce Ratner on a trip to China to help the developer gain low-cost financing in exchange for green cards: 498 of them.

From the New York Post:
Markowitz spokeswoman Laura Sinagra said in a statement that part of Markowitz's "role is to encourage investment in Brooklyn, and this program is designed to bring investors to the table for projects that create jobs. As the person who came up with the original idea of bringing major league sports back to Brooklyn and one of the biggest supporters of Atlantic Yards, he obviously believes this project is worthy of investment, and is seeking guidance from the Conflicts of Interest Board on the possibility of accompanying the group.”
My question to Markowitz's office, yet unanswered:
How will this investment create jobs?
I don't think it can.

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