At $55M, Mamdani’s city-owned grocery store is a – Latest News
It seems Mayor Zohran Mamdani’s East Harlem grocery store project is an even larger boondoggle than we thought.
A Post Business unique this week revealed that the La Marqueta web site the place Mamdani’s plans to spend $30 million was already authorized for a $25 million improve 9 years in the past — which means the taxpayers will burn $55 million on this white elephant.
Plus working prices that the mayor hasn’t even pretended to estimate but.
And in a neighborhood that already hosts ample food markets that now should fear the city-subsidized store will put them out of business.
In 2017, town’s Economic Development Corp. authorized a La Marqueta redesign that includes a playground, canine park and an outside seating pavilion; now the the boy socialist is pouring $25 million into building a grocery store and plaza beneath the elevated Metro-North tracks alongside Park Avenue between East 111th and 119th Streets.
Then again, the EDC’s taken practically a decade to return up with easy renderings of a redesigned La Marqueta; ought to anybody consider Mamdani’s 9,000 sq. ft. store will probably be finsished by 2029?
More From Post Editorial Board
Get opinions and commentary from our columnists
Subscribe to our every day Post Opinion publication!
Thanks for signing up!
Meanwhile, the mayor just lately introduced a 20,000-square-foot Bronx city-run grocery that’s to open subsequent 12 months — for simply $10 million.
Do any socialist numbers add up?
