[CPEO-BIF] "End brownfields logjam" in New York

[Lenny Siegel <lennysiegel@gmail.com>]

End brownfields logjam
Aid to communities is stalled by an inability to gain signatures

Editorial
Buffalo News (NY)
November 16, 2007


In a bill that became law in 2003, the state of New York expressed a 
wise willingness to spend many millions of dollars to take areas large 
and small out of the economically deadening "brownfield" category and 
make them attractive to those who would turn them into shiny new homes 
and businesses.

Four years on, the tab for grants to communities and tax credits to 
developers has flown past $1 billion, on its way to more than $2.5 
billion. But very little of it is to be seen in new businesses or 
affordable housing. There is nearly $75 million in grants stuck in the 
state bureaucracy. And, as just one example, there's $158 million worth 
of tax credits wrapped up in the swanky Chelsea digs of media mogul 
Barry Diller.


...

For the entire editorial, see
http://www.buffalonews.com/149/story/207904.html

-- 


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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