Feb 27
2014
Cuomo’s costly Peace Bridge purchase
The property was a mess — contaminated, mired in debt and depreciating in value — but Gov. Andrew Cuomo wanted it bad. As it turns out, as much as $27 million bad. To buy the abandoned Episcopal Church Home, a property considered essential to an expansion of the Peace Bridge plaza, state government under Cuomo’s direction paid a premium and inherited a costly environmental cleanup. The Cuomo administration also orchestrated moves that cost state and federal taxpayers millions more. The final tab hasn’t been tallied, but it could run as high as $27 million, for a property appraisers hired[...]