Sunday, October 10, 2010

Times criticizes Paladino for creating only 25 direct jobs, still ignores EB-5 story regarding Atlantic Yards, with zero direct jobs

From a New York Times editorial yesterday headlined Mr. Paladino and the System, a critique of Republican gubernatorial nominee Carl Paladino:
A look at his record as a developer shows that he has been an eager recipient of just the sort of government largess he so bitterly condemns and a generous contributor to politicians who can best do him favors.

His flourishing real estate business was stoked with tax breaks, multimillion-dollar state leases and government land giveaways.

...He won $3 million in tax reductions for his renovations, but, as The Daily News recently reported, only 25 jobs were directly created. His campaign has said that that does not count the jobs indirectly produced by his tenants, but a large number of those tenants were state agencies, which have paid him tens of millions of dollars in rent over the years.
Ok, and what about the low-cost or no-cost financing sought by Forest City Ratner, which, as the Daily News recently reported, won't directly create any jobs?

The Times has ignored the entire EB-5 story.

No comments:

Post a Comment