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The Budget Knew Before the “Emergency”
RIOC anticipated a $7 million Steam Plant demolition for 2015. Nine years later, New York City used emergency authority to carry it out.
The demolition began on paper long before the City invoked emergency authority to carry it out. In RIOC’s fiscal 2013-14 budget, the Corporation set aside $7 million for fiscal 2015 for the complete demolition and cleanup of the Roosevelt Island Steam Plant. RIOC called that figure its worst-case scenario, meaning the State corporation might be left responsible for the entire cost.
