Nyc Seeks Banks to Run Services, Includes Buildings
Reuters Hedgeworld › February 26, 2011
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Summary
NEW YORK (Reuters) - New York City wants to hire investment banks to improve the way assets are managed - from parking meters to buildings - but the mayor on Friday [Feb. 25] flatly rejected selling any of these valuable properties.
"We are not going to sell assets in return for money we spend balancing our budget," Mayor Michael Bloomberg said on his weekly Friday WOR radio show. Later, he said, "It's a short-term fix that leaves you much worse off down the road."See the full content of this document
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Nyc Seeks Banks to Run Services, Includes Buildings
Though investment banks and hedge funds have raised hundreds of millions of dollars to invest in publicly owned infrastructure from roads to bridges t...
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