Should the Lower Manhattan Development Corporation?the government agency created after 9/11 to manage grants downtown?be dissolved? Former CB 1 chair Julie Menin thinks so, because the LMDC is spending $4M to $5M per year on administrative expenses. But first the LMDC would need to hand out funds earmarked for the West Thames Street pedestrian bridge, the WTC Performing Arts Center, the East River waterfront park, and other projects. [Broadsheet Daily; previously]
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