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Let’s all play stupid and pretend like this is some sort of sound financial plan to give a ginormous financial conglomerate a quarter of a billion dollar bribe to build on some of the most prime real estate in the world. Surely they would have never found someone to just take it for free or, *gasp* god forbid, actually pay for prime real estate to build on.
According to Gov. Spitzer’s office, the package includes $75 million in cash, about $60 to $70 million in sales tax exemptions and a commercial rent tax exemption that could be worth as much as $100 million.
Another prime example of the “you scratch my back and I’ll give you an ungodly amount of money for doing something that already benefits you anyway. Then we can go out and do Saki-bombs and figure out a way to get those dirty no-good poor single mothers off welfare while stroking each other off”. Maybe you’ve heard of it.
Imagine if a a real estate agent was in charge of selling a mansion in a prime location but there had been a murder there. And just to get it off their hands the real estate agent found a friend and offered the buyer a crapload of money to take the mansion that a line of other people were willing to pay for. Sure, sign me up.
Bettina Damiani, project director for Good Jobs New York, a government watchdog group, called the Chase deal a “smaller version” of Goldman Sachs but “equally egregious.”
“To claim subsidies for JPMorgan Chase are warranted because they are ‘off the shelf’ is a copout,” she said. “Public officials not only created the shelves, they wrote the books on them.”
Shame on you Gov. Spitzer. This deal is a fucking disgrace.
—admin
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