The City’s Economic Development Corporation is famous for doling out corporate welfare without making sure that the companies that get those tax breaks and subsidies produce jobs.

Our latest discovery, however, shows just how wasteful and disgraceful that agency’s actions can be.

My Audit Bureau uncovered a secret deal that the EDC made in 1998 with the Marriott Marquis Hotel that could cost our taxpayers at least $345 million. In fact, it may be the … <Read More>