Wow, I'm just learning about these scandals (I left NYC a year ago) and they are very disturbing. The fact that these employees haven't faced any civil/criminal charges and haven't even been fired is despicable.
You're clearly right in that the NYC taking ownership wouldn't magically solve the issue. There's a bigger systemic problem here - piss poor management and complete lack of accountability. The fix isn't as simple as changing ownership since clearly these organizations are being misproperly managed regardless of whether NYC or NY State are in charge.
More drastic reform is necessary. I don't know what that looks like. Maybe we can start by giving politicians more direct control and oversight over these "public benefit corporations" that they're bankrolling.
If your property appreciating in value by 20+%/year? That's insane.
You're clearly right in that the NYC taking ownership wouldn't magically solve the issue. There's a bigger systemic problem here - piss poor management and complete lack of accountability. The fix isn't as simple as changing ownership since clearly these organizations are being misproperly managed regardless of whether NYC or NY State are in charge.
More drastic reform is necessary. I don't know what that looks like. Maybe we can start by giving politicians more direct control and oversight over these "public benefit corporations" that they're bankrolling.
If your property appreciating in value by 20+%/year? That's insane.