Category: ornaments

The gift that keeps on costing: Part 3, Christie’s cross

3 August, 2012 (09:03) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   [Concluded from yesterday's Part 2 and the preceding Part 1.]   So far, our tales of paradise hocked started with the visions of sugar plums that led, as reported in an older New York Times (September 8, 2010) article, to the building of Giants Stadium (RIP), the creation of a bond […]

The gift that keeps on costing: Part 2, Hoffa’s ghost

2 August, 2012 (09:03) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on spectacle venues told the tortuous story of the Meadowlands, using a New York Times (September 8, 2010) article from a few years back, which illustrates that, of all the uses to which urban land can be put, the most curious is that […]

The gift that keeps on costing: Part 1, Byrne’s Rome

1 August, 2012 (10:10) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   Is spectacular civic infrastructure a good investment?    Was this ceremony worth $42 million?   As London wallows in its Olympic celebration, and the British fume over tickets that are both unavailable and going unused and wonder over the mounting cost, it’s worth placing the infrastructure buildout in perspective, and look […]