Posted on 02/19/2021 10:18:09 AM PST by Tolerance Sucks Rocks
In his State of the State address, Gov. Andrew Cuomo touted the $306 billion in current and proposed infrastructure projects around New York that he said would revitalize the economy after COVID-19 shut down businesses and non-essential construction.
In his Jan. 14 speech, the governor said a total $51 billion was being spent for projects to revive Manhattan's Midtown West neighborhoods, citing potential new projects as well as those well into planning. That figure includes the $1.6 billion Moynihan Train Hall, which opened Jan. 1; the $1.5 billion Jacob K. Javits Center expansion, expected to be completed this year; and the $16 billion Empire Station Complex project, which includes reconstructing Penn Station and increasing its track capacity by 40%, and increasing its track capacity, and connecting Penn to Moynihan hall. The final scope of work for the complex is expected to be presented this year.
Other Midtown West proposals include a replacement for the Port Authority Bus Terminal, which is still at the planning-level scoping process; 1,400 units of affordable housing as part of the 14 buildings spanning from Broadway to the Hudson River that will house residential and commercial spaces; and a new waterfront park at Pier 76, occupied by an NYPD tow pound until the end of this month.
"The visionary proposal for the West Side of Manhattan, including the newly announced Empire Station Complex and the replacement of the Port Authority Bus Terminal, will revitalize our strained public transit system and increase access for New Yorkers," said Carlo Scissura, president and CEO of the New York Building Congress.
(Excerpt) Read more at enr.com ...
He should give that $$$ to those he put out of Business so they can reopen debt free or at least as they were prior to this asshat putting them out of business!
Why didn’t you use that money to help the small businesses that were struggling not including some of the businesses that were around for decades but are now gone forever.....
This is the Democratic Party plan as usual.
We’ll just spend our way out of debt and into prosperity.....
RE: Where does this money come from?
I can only think of the following ways:
1. Taxes, state and federal ( for the latter, that means the other 49 states help to pay for New York).
2. Borrow. That means issuing bonds that will be paid with interest.
NY cannot print money, so that’s out of the question.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.