Audit: NYC Construction Contract Soared

NEW YORK (CBSNewYork/AP) — The comptroller said New York City’s economic development agency allowed a construction contract to increase tenfold.

The agency called the audit “flawed” and “misleading.” It accuses the comptroller of trying to “sensationalize the record.”

According to The New York Times, Comptroller John C. Liu said the agency approved 21 contract changes and the price tag rose from over $7 million to over $73 million.

Turner Construction Company stands behind its work, saying it provided “on-call” services as needs were identified and financing was made available.

The company was contracted for facility and construction management services at the Brooklyn Army Terminal, Essex Street Market building and other sites.

Turner’s other projects included the new Yankee Stadium, which is not mentioned in this audit.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • Carlos Liriano

    somebody is making a lots of money in the back of the poor tax payer of NYC, remember is not who you know, it is who you blow

  • rob

    How do you think Bloomberg made his money, huh? Also, during the recession he’s the only Billionaire in America to have tripled his money to 20 billions from 5 billions. He also hired his cronies Mrs. Sucdikk Kunnt to head the transportation agency to build bike lanes and make all the streets of NYC smaller to suit her own taste. She’s made New Yorkers suffered throughout the entire city even til this day. Her own name speaks for itself: Sucdikk Kunnt.

  • Dan Te

    The audit was correct. The numbers don’t lie.

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