In the news: NYC Comptroller Audit Scrutinizes Industrial Development Agency Subsidies

Thursday, March 22, 2012

This week City Comptroller John C. Liu released an audit of the New York City Industrial Development Agency. The report raises concerns about the IDA's selection and monitoring of its projects and includes a critique of Bronx Parking Development Corporation, (parking garages at Yankee Stadium). 

Read the Press Release

Read the Audit


News highlights:

New York Daily News, City Controller rips public subsidy deals in the Bronx for firms that have failed to meet job creation goals, March 22, 2012 

Wall Street Journal, Liu Audit Targets Tax Breaks, March 19, 2012

Crain's, Comptroller says city subsidy deals wasted millions, March 19, 2012