A highly-placed source at NYCHA — the New York City Housing Authority — tells us that the Authority plans to privatize the management of some of their public housing buildings.
My first thought was: cool! Now De Blasio can say that the inevitable NYCHA screw-ups aren’t his fault, they’re the fault of the management company!
But what’s in it for the management company? Our source hints that they’ll jack up the rents. And who will pay those rents? The city taxpayer, of course.
Ronald Reagan would be proud.