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Unease Erodes Ambition in Real Estate

Submitted by Bernie Goetz, Mar 3, 2008 19:17

Conceptually, New York conservatively has enough money for 5 or 6 megaprojects, but the leadership of the MTA & PA has decided to build 10. Almost none of the 10 will be completed, but we will be paying for 5 or 6. As for the WTC site - the memorials, Freedom Tower and Calatrava Hub will all be fiascos; money down the drain. The Calatrava is just a double or triple of the Fulton Hub miistake.

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Other reader comments on this article

Comment	By	Date
If Goldman Sachs -- which may be hit somewhat less hard than the other investment banks, but which is still... [MORE]	Rionn Fears Malechem	Mar 7, 2008 16:53
Conceptually, New York conservatively has enough money for 5 or 6 megaprojects, but the leadership of the MTA & PA...	Bernie Goetz	Mar 3, 2008 19:17
The "Arrested Development" chart on today's front page accompanying this article should have one more row and more columns. One... [MORE]	Michael D. D. White	Mar 3, 2008 14:53