A gamble for Albany?

Jerry Jennings said Wednesday that he'd like the legislature to allow video lottery terminals in Albany to help the city balance its budget. [TU]

Comments

Legalize drugs and prositution too, babe!

Let's see how we are doing on the tired old idea meter. What are Jerry's big ideas in his 18 years?

Convention Center! Stick the tax payers with a big money losing project that makes his developer friends rich. I'd give that a 9.0 out of 10.
http://www.brookings.edu/reports/2005/01cities_sanders.aspx

Incinerator! Borrow hundreds of millions of dollars from Wall Street to build an incinerator. Money that the tax payers can't afford to pay back. This is probably an 8.0 because at least it would be used all the time and not sit vacant half the time like a convention center but both will suck money from the tax payers to make corporations richer(see Harrisburg) http://www.pennlive.com/midstate/index.ssf/2011/07/harrisburg_incinerator_history.html

Casino!
http://nocasinoerie.org/jobques.htm

"Casinos promise to create thousands of jobs, but Professor John Kindt, a professor at University of Illinois, said, "The field research indicates that nationwide you stand to lose 1.5 jobs for every job the casinos create. In Chicago the field research indicated that 2 to 2.75 jobs would be lost if a land-based casino were built and that is why Governor Edgar vetoed the proposal." Kindt says of gambling in general, "...for every dollar legalized gambling interests indicate is contributed in taxes, it really costs the taxpayer $3.00 to address the increased socio-economic costs to society."

This might be a 9.5.


I don't care how much he thinks he can sit in his office and hit the video slots to balance the budget, the math is just against him! Does Jerry have a gambling problem we (Albany) should talk about? :)

Yes on the drugs and prostitution, no on the video lottery.

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