NYC to Spend Over Half a $Million per Renovated Apartment
Mamdani has other ways to spend New York into oblivion through housing other than $100,000 handouts to illegal aliens buying homes. Just to renovate an apartment costs a fortune when done by Big Government:
@NYCHA closes $607M deal to modernize Brooklyn’s Nostrand Houses via the Public Preservation Trust!
Highlights: • Renovations for 1,148 apartments (~2,000 residents) • Lead/mold fix & upgrades • 100% public & affordable • 100% public ownership https://t.co/kf8bdnZcCZ pic.twitter.com/MFDYY8nvfX
— NYCHA (@NYCHA) September 30, 2026
The math rounds off to $529,000 per renovated apartment. But that would assume the task is accomplished on budget, which never happens with socialists. A conservative 100% markup due to incompetence, corruption, et cetera brings the sum to over $1million per renovated apartment. After renovation by Democrats, don’t be surprised if the toilets don’t flush.
Good thing it isn’t Gavin Newsom renovating the apartments. The California high speed rail project that would supposedly link Lost Angeles with San Franfreako was supposed to cost $33 billion. Per Grok, current cost is “about $231.3 billion for the original design scope under current bottom-up costing and legacy delivery assumptions.” That’s seven times the estimate, and there is no reason to expect the cost not to continue climbing. The project was approved in 2008; construction started in 2015. So far, no high speed rail track has been laid.
Apply this math to Mamdani’s housing renovation project and the $529,000 per unit comes to $3,703,00 — with no units actually getting renovated.
This is what moonbats mean when they bark about “affordability.”
On a tip from R F.
The post NYC to Spend Over Half a $Million per Renovated Apartment appeared first on Moonbattery.
Source: https://moonbattery.com/nyc-to-spend-over-half-a-million-per-renovated-apartment/
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