Mayor Ann Thane expressed concern on the Bob Cudmore radio show (WVTL)
this morning when her proposal for the City to buy a vacant lot on 55-59 Bridge Street in Amsterdam for $45,000. was defeated by the Common Council last night, and rightly so.
Given our current economic situation, why would the City pay $45,000. of taxpayer money for a property with an assessed full market value of $4,500.?
What is the extra $40,500. for?
This type of spending is what helped put the City in poor fiscal shape. We cannot continue spending money we do not have. If a parking lot was needed for the South side project, it should have been figured into the plan and budgeted for accordingly.