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| Re: Budget Concerns Threaten To Derail Fulton Transit Hub (561819) | |||
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Re: Budget Concerns Threaten To Derail Fulton Transit Hub |
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Posted by Russ on Wed Jan 30 22:16:20 2008, in response to Re: Budget Concerns Threaten To Derail Fulton Transit Hub, posted by RonInBayside on Wed Jan 30 21:59:18 2008. Well, actually, downtown Brooklyn might be up to this too - maybe. I say that because I don't think that the chance of Brooklyn pulling this kind of thing off would be zero.I'm not sure about this because Downtown Brooklyn already has robust subway coverage. It could be better, but it is quite good as it is. That brings us to the questions, "is real estate development in Downtown Brooklyn not happening because of inadequate mass transit, and if more was built, would enough real estate be developed to generate property taxes that meet or exceed the debt service of the bonds?" I don't know the answers to these questions, but I'm doubtful that they would suggest that we could repeat what is happening on Manhattan's Far West Side. |
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