Maloney raises return-on-investment concerns and missing spending details
Maloney says Council Finance analysis shows hosting the World Cup cost the city more than it brought in. She argues taxpayers may have subsidized a payday for FIFA and says the city still lacks a meaningful account of where money went.
Second, we'd like to understand the return on investment here.
The Council's Finance Division has an analysis showing that hosting the World Cup cost the city more than it brought in.
There were some projections released earlier today in a press release, and we'd like to understand the...
True return on investment from these various sources and whether or not this was a net cost to the city.
Put simply, New York City taxpayers might have helped subsidize a tremendous payday for FIFA, and we'll be digging in more onto that with a resolution that my council member colleague will present.