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 This material may not be published, broadcast, rewritten, or redistributed.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.)