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Ad It Up, And It’s A Great Deal For The City

If it’s such a good idea then of course you’ll need a $500,000 ad campaign to get the word out:

Supporters of the plan to charge drivers entering Manhattan below 60th Street launched a $500,000 ad blitz yesterday.

Congestion-pricing backers are posting 15,000 advertisements in subways and launching print and television campaigns, all promoting a pledge that the revenues raised will be used for mass transit.

Posted: February 26th, 2008 | Filed under: Follow The Money

Pushcart Permits Questioned; Sales Of Pringles Threatened

Some City Council members are suspicious of a plan to allow more vegetable pushcart permits because of the competition it may create with bodegas that don’t even sell vegetables to begin with:

Under a bill introduced in December at the mayor’s request — with the backing of Council Speaker Christine Quinn — the city would issue 1,500 new permits for street pushcarts to sell just fruits and vegetables in “underserved communities.”

The carts would be confined to specific areas — identified by police precincts — and would be monitored by health inspectors and the police. Violations could lead to the seizure of carts and fines.

If approved by the Council, the measure will call for phasing in 750 permits per year for two years, with 500 earmarked for the Bronx, 500 for Brooklyn, 250 for Queens, 200 for Manhattan and 50 for Staten Island.

While commending the health goal, participants in a hearing by the Consumer Affairs Committee questioned whether the green carts would hurt neighborhood supermarkets, bodegas and greengrocers.

The skeptics suggested other alternatives, such as allowing stores to set up their own fresh fruit and vegetable stands outside their premises, or providing tax incentives.

“It is going to cause harm,” said Councilman Miguel Martinez (D-Manhattan).

Councilman John Liu (D-Queens) questioned whether “this green cart proposal actually makes sense.”

“Maybe we should be licensing vendors to sell suits outside, and lingerie,” scoffed Councilman Simcha Felder (D-Brooklyn).

And Councilman Charles Barron (D-Brooklyn) cited the warring interests of merchants and street peddlers.

“Welcome to the politics of food,” he said.

Posted: February 1st, 2008 | Filed under: Consumer Issues, Feed, Follow The Money, I Don't Get It!

Your Corn Subsidies Are Making It Harder For Me To Afford My Bagels

And crop failures elsewhere and new emerging markets, but I’m still upset about that biofuel sham:

Paying more for flour and wheat has forced H&H Bagels to raise prices in five-cent increments over the past year. In October, a bagel (sans butter or cream cheese) hit $1.20.

“Last year at this time, the price per bushel [of wheat] was $5.31,” said Jorge Delgado, counsel for H & H. “[This week] it was $14.22.”

David Jaffe, a sales rep from Fodera Foods in Queens, sells to roughly 70 Manhattan bagel shop and bakeries. His company may have to allocate goods based on customers’ payment history. “There is no raw material,” he said. “It’s crazy [to talk about allocations], but we’re getting there.”

He blamed price increases on the crop failure in Australia, which forced the Asian market to buy from here, compounded by Argentina not exporting wheat. Plus, more American farmers are switching to biofuels because of ethanol subsidies.

“We’re not in a good situation,” Jaffe said. “China is becoming Westernized and they don’t want to eat rice anymore, they want wheat. Basically, the whole baking industry is under attack and the hardest hit are those who use the most flour — bagels and bread.”

Steve Ross, president of Coney Island Bialys & Bagels, who has kept prices at 70 cents for nearly a year, has seen fluctuations befire, but never a such a steady rise. “It’s always stayed around $18 to $20 a bag,” he said. Ross is now paying $35 for a 100-pound bag. He found out yesterday that’s set to jump $3.

David Wilpon, manager of Ess-a-Bagel, said prices rose 10 to 85 cents in October and they were considering another hike. At Daniel’s Bagels on Third Avenue, Arye Lewkowitz raised prices last month to 90 cents.

“It’s horrible. I don’t know what we’re going to do,” Lewkowitz said. “We’re going to have to sell a bagel for over $1.” He’s set to print new menus shortly, he said.

Posted: January 30th, 2008 | Filed under: Consumer Issues, Feed, Follow The Money

Yet Another Reason Not To Extend The 7 Train To A Convention Center That Doesn’t Even Need It . . .

Spending $157 million for a brand new vacant lot. Which is probably the point of the MTA pitting Lower Manhattan against West Side redevelopment proponents (and who is that exactly now that Dan Doctoroff is gone?):

Soaring construction costs could force the Metropolitan Transportation Authority to scrap plans for an architecturally ambitious glass-domed subway station in Lower Manhattan and lead to more than $1 billion in cost overruns for the authority’s major expansion projects, officials said Monday.

The rising costs could slow progress on the three so-called mega-projects needed to expand the capacity of the public transportation system, including a Long Island Rail Road link to Grand Central Terminal, a westward extension of the No. 7 subway line and the first leg of the Second Avenue subway.

The news represents another setback for the subway station project, known as the Fulton Street Transit Center, which was envisioned as a central element in the recovery of Lower Manhattan after the terror attack of Sept. 11, 2001.

. . .

Several underground portions of the Fulton Street subway project have been completed or are close to being finished, including a renovation of the platform and mezzanine serving the Nos. 2 and 3 trains.

The authority planned to finish the project by letting out a contract to cover the construction of the entrance building and oculus and several remaining pieces of the underground work.

But the authority received only one bid, of $870 million, far exceeding the $370 million the authority had budgeted for the contract.

Mysore L. Nagaraja, the authority’s president of capital construction, said the authority rejected the bid and would now split the project into smaller pieces, in the hope of attracting more bidders and greater competition.

He said the underground portions of the work could be completed by late 2009, which will make the connections between subway lines fully functional for riders.

But officials said that it was unclear now what would go on top.

“I’m sad to say that we cannot build the transit center as currently envisioned in this market with the budget that we have,” Mr. Sander said.

As it is, even without a station building, the project will reach a total cost of about $930 million, which is nearly $30 million more than the authority has in its overall budget for the project.

It is not the first time the project has run into budget trouble. The cost of acquiring real estate to make way for the project rose to $157 million from an early estimate of $50 million.

The authority has already razed several buildings at Fulton and Broadway to make way for the project, and Monday’s developments raised the prospect of the site’s remaining virtually vacant above ground for an extended time, or of a much more modest entrance building.

Posted: January 29th, 2008 | Filed under: Architecture & Infrastructure, Follow The Money

The (Fiscal) Year Of The Rat

In the zero-sum ecosystem of economics, there are winners and losers:

The welcome mat is out for rats, as numerous homes sit vacant for lengthy periods due to the recent spike in foreclosures and the sagging real estate market on Staten Island.

The rodents find safe haven in the often unkempt properties.

Neighbors of homes that have been on the market for months or even years are frustrated by the rodent infestation and are powerless to keep the critters away.

. . .

“Many times, if there’s a foreclosure, people just walk away,” said Mark Loffredo, president of Post Exterminating Co. in Tompkinsville. “The yards get overgrown and rodents find it conducive to habitation. If they recognize that there’s nothing to stop them getting in, they will nest in the house. They do search for habitat and they’re always searching for food.”

Though there are no official counts of rats in the city, unofficial guesses range from about 8 million (or one rat per person, an old rule of thumb) to perhaps 10 times that many. That would indicate that there could be anywhere from 500,000 to almost 5 million rats on Staten Island.

Posted: January 27th, 2008 | Filed under: Follow The Money, Staten Island
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