GREAT WORK IF YOU CAN GET IT

5/14

It must be great being the Port Authority.

Depending on the situation you can decide what side of the fence you are on.

The current situation with Goldman Sachs is a perfect example.

New York and New Jersey taxpayers will be on the hook for over $320 million because the Port Authority will not be delivering on schedule.

Now let me get this right the Port Authority which has advertised that it is "financially self supporting and receives no tax revenue from either state" in official WTC Foundation Press Releases (see one from 8/17/06 below) is now going to get $320 Million from New York because it has missed its deadlines.

If you think that the bulk of that money is not coming straight out of our tax paying pockets you are sadly mistaken.

Now in the real world there are usually penalties placed on a contractors if they do not deliver.

But here we are being left holding the bag because the Port Authority, which was given this job which such great fanfare, about how they were the most qualified and dependable alternative, is not going to be penalized but actually bailed out to the tune of $320 Million.

Great work if you can get it.

Unfortunately this does not only hold true with financials but in almost every aspect of dealing with the Port Authority.

We cannot require them to build according to NYC Building and Fire Codes but the FDNY, the NYPD and EMT of NYC will be the first responders if anything happens.

When are we ever going to learn.

It is the same with all of the Authorities.

The MTA states that it needs to raise fares for improvements to service and infrastructure and as soon as they get the fare increase they cancel the planned improvements.

And who do these Authorities answer to.......it appears no one.

The brainchild of Robert Moses in the 1920's as a way to circumvent local government they have been successfully doing that for the last 80 years.

As the politically connected and appointed executives line their pockets with six figure salaries and more the taxpayer is always the one bailing them out.

But we will continue to throw good money after bad and live with the delays and excuses because that's the way it is.

Just ask the LMDC.

Great work if you can get it.


WTC MEMORIAL FOUNDATION & PA BEGIN CONSTRUCTION

http://www.where-to-turn.org/phpBB2/viewtopic.php?t=27916