[Patangeles]

Even taking the mobsters, beaurocrats and unions into account, $3 billion for 65,000 apartments seems way excessive!

[hellinahandcart]

Even taking the mobsters, beaurocrats and unions into account, $3 billion for 65,000 apartments seems way excessive!

You're still not getting it. The program will exist, and will certainly swallow up a minimum of 3 billion dollars, but 65,000 units will never be built. Ever.

If they manage to build 650 units over the next decade, I will eat my hat!

[pageonetoo]

Even taking the mobsters, beaurocrats and unions into account, $3 billion for 65,000 apartments seems way excessive!

Of course, it is excessive. This is a g'umt project, and there first have to be studies. then, after studying the situation, they need to form a group to oversee the project. then, there are the costs involved in land acquisition, and development. After that, there are bids that have to be rigged,oops, I meant bid.
Then, the operations begin construction. After that, the inspectors have to be paid off, oops, i mean paid.
Finally, there must be a new beaurocracy formed to oversee the leasing and maintainance, which is always high in g'umt housing.
Finally, there needs to be enough skimming to re-elect the swine that started it.
Yay, Bloomberg, a fine republicrat, in the name of 'compassion'.
I wonder if all the unemployed in NY, can smoke, at home? After closing so many businesses (reult ofbloomies' smoking ban), and causing massive losses to others, he isn't through raping the sheeple!

[A. Pole]

Even taking the mobsters, beaurocrats and unions into account, $3 billion for 65,000 apartments seems way excessive!

Let me calculate, 3000000000 / 65000 = 46153

$46 thousand per apartment does not seem excessive to me.