[quote]The PACB, as it is known, is controlled by Governor Pataki, who has been a champion of the Jets' plan, and by Assembly Speaker Sheldon Silver of Manhattan and Senate Majority Leader Joseph Bruno of Rensselaer County, who have not. Unanimity of the three voting members will be needed for the plan to pass.
"That the Jets won was unfortunate, but not a surprise," Senator Thomas Duane, a Manhattan Democrat who is a non-voting member of the PACB, told The New York Sun.
"I'm confident there will be lawsuits, and we have a fighting chance of stopping the Jets from progressing any further at the PACB," he said.
Before that board can vote, the Empire State Development Corporation, which approved the Jets' general project plan last year, must ratify the proposal for the stadium. A date for its next board meeting has not yet been set. The PACB is scheduled to meet April 20.[/quote] http://www.nysun.com/article/11495
jake · 2005-04-01 Next Stop Albany
[quote] The tiny Public Authorities Control Board — created in 1976 to stem the kind of runaway borrowing that led to the state's fiscal crisis months earlier — must give unanimous approval for the likely $300 million bond offering needed for the huge stadium project to get off the ground.
Two of the three voting members of the board reacted coolly to the MTA's action and one of them — Assembly Speaker Sheldon Silver (D-Manhattan) — predicted any a PACB vote on the stadium was "still far off in the future."
Silver has repeatedly raised concerns that the commercial office space slated to be part of the stadium project could hold back redevelopment efforts in the lower Manhattan area devastated by the 9/11 terror attack — which just happens to be in his district. [/quote] http://www.nypost.com/news/regionalnews/43576.htm
jake · 2005-04-01
[quote]The PACB, as it is known, is controlled by Governor Pataki, who has been a champion of the Jets' plan, and by Assembly Speaker Sheldon Silver of Manhattan and Senate Majority Leader Joseph Bruno of Rensselaer County, who have not. Unanimity of the three voting members will be needed for the plan to pass. "That the Jets won was unfortunate, but not a surprise," Senator Thomas Duane, a Manhattan Democrat who is a non-voting member of the PACB, told The New York Sun. "I'm confident there will be lawsuits, and we have a fighting chance of stopping the Jets from progressing any further at the PACB," he said. Before that board can vote, the Empire State Development Corporation, which approved the Jets' general project plan last year, must ratify the proposal for the stadium. A date for its next board meeting has not yet been set. The PACB is scheduled to meet April 20.[/quote]Next Stop Albany
http://www.nysun.com/article/11495