RI DAILY

Manhattan's little, quieter island and beyond

Island insights that go beyond the tram.

RI DAILY

Manhattan's little, quieter island and beyond

Reporting Roosevelt Island since sunrise.

RIOC Budget

Should Roosevelt Island Keep Pouring Cash Into the Money Losing Tram?

Roosevelt Island’s Tram, falsely perceived as profitable, is an expensive failure. Residents suffer while RIOC mismanages operations, forcing locals to cover exorbitant losses. Shameful leadership!

RIOC’s Stinky New Budget and Tram Turmoil Without Solutions

RIOC’s financial mismanagement is nakedly exposed: the Tram is a tourist cash cow neglecting residents, leading to $3 million annual losses. It’s time to shut it down.

How RIOC’s Poor Budgeting Backs Residents Into Corners

RIOC’s financial mess amounts to reckless spending, draining crucial funds for infrastructure while catering to bureaucratic excess, reflecting a dangerous trajectory for Roosevelt Island’s future.

RIOC’s New Budget for 2025 – a Better Connection with Reality

RIOC’s new budget reflects CFO Amin’s improving fiscal management amidst challenges, with realistic revenue projections and significant strides towards better community services. Hopeful progress is underway.

Three Ways RIOC Can Fix Its Broken Finances Right Now

RIOC’s broken finances, a result of lack of commitment and inexperienced management, have led to catastrophic fiscal mismanagement. From Sportspark’s financial blunders to underfunded Red Bus system, the need for financial reforms is evident. With unclear leadership and careless decision-making, the future of RIOC’s financial health is uncertain.

RIOC June 2024 Board Meeting: Fiscal Performance & Leadership Changes

The June 2024 RIOC board meeting will discuss fiscal performance, including issues like the overcrowded Tram, loss-making Red buses, and underperforming Sportspark. Deputy General Counsel Gerrald Ellis’s departure marks the end of an era of open and responsive governance, leaving Roosevelt Island residents hoping for positive changes in leadership.

When Shelton Haynes Got Sportspark Right But It Was All Wrong

Before being suspended, RIOC President/CEO Shelton J. Haynes announced that Sportspark membership had exceeded 1,000. That was inaccurate. Membership was even higher and stands at 2,150 today. That’s good news, even though it’s not enough. by David Stone The Roosevelt…

RIOC’s December Board Meeting, the 3 Stinkers and Now 1 More

Things are so strange within RIOC’s orbit these days, predicting anything about the December board meeting was a lot of guesswork. But happily, with a short agenda, strangeness did not scatter into chaos. But one startling disclosure made it memorable….

RIOC Board Agenda December 2023 – Three Big Stinkers

Already shaky, RIOC posted a board agenda for December that’s loaded with stinkers without a hint of optimism anywhere. After approving an unworthy promotion and a deeply flawed budget, the board recedes into a secretive executive session where they can…

RIOC’s October Board Meeting Finally Lands Now – in November

Without explanation, RIOC abruptly canceled its October Board meeting, then finally rescheduled it for today. Mystery unsolved, but onward… Hope prevails that they will avoid September’s antagonistic chaos and actually do some business. by David Stone The Roosevelt Island Daily…