Over 90% of NY capital project financing comes through public authorities selling bonds. Bonds/debt aren’t inherently bad. Like all tools, it depends on how they’re used. Without bonds large scale public projects are literally impossible.
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This is a really strange arg to me and logically inconsistent. First, rad ≠ BP. Second, the Trust diffuses the NYCHA ceo power. So: I hate Russ, let’s work to keep the status quo of the NYCHA CEO (Russ) in charge? It’s strange.
There are lots of reasons to distrust NYCHA! Like every single repair that is needed. This particular argument just doesn’t make sense to me bc it’s endpoint is a plan that consolidates the power of the NYCHA ceo and opposing a plan that expands RMCs.
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Id be interested in hearing how the Blueprint for NYCHA will reduce the power of Russ considering how the site for it talks about it as his idea (based on collaboration with residents). What is the relationship between RAD and the Blueprint for NYCHA?
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My understanding is that RAD pays for the Blueprint. It seems to me this makes them part of the same overall plan? If we dont trust Russ, why would we trust him to implement a voluntary reduction in his power?
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