Affordable Housing Gets Sacked
Battery Park City's funds intercepted by the city's big west side project
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Now, just as the city eyes Battery Park City's money for the stadium/convention center project, the agreement with Battery Park City to use its surplus for housing is up for renewal. "The fundamental problem remains that the city has failed to carry out the moral, political, and fiscal promise that defined the public purpose of the BPCA, as laid out in state legislation, and particularly the December 1989 agreement between the city and authority," says Glenn Pasanen, who teaches political science at Lehman College and writes for the Gotham Gazette. "So I think the current proposal to finance the Javits Center should not be approved until there is a recommitment by the city and authority—to the original $600 million level—to using future authority excess revenues for affordable housing."
But if Bloomberg is successful, Battery Park City will help finance a place of business for a New Jersey-based football team—whose game tickets most New Yorkers won't be able to afford. And if the city funds the stadium with money earmarked for housing, many also won't have a home where they can watch the games on TV.
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