Kingstonian December Roundup: Law, Lies, and More
“Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives” — James Madison
December 29, 2021
Kingston, NY — The Kingstonian is a proposed $57 million development consisting of 143 apartments, boutique hotel, garage and retail space to be developed by Brad Jordan and his unidentified investors, some of whom are said to be elected officials. The project is funded on the public dime to the tune of 60.15% through New York State grants and a property tax break that will deprive Kingston, Ulster County, and the Kingston School District of $28 million. Upon sale, the investors will pay no capital gains tax because the project is within an Opportunity Zone, and they will most likely pocket anywhere from $90 million to upwards of $200 million depending on duration — not bad, considering the cash investment is $6 million. Fueled by false narratives and grossly overblown economic projections, the upcoming vote to give away a street is one more reason for Americans to lose faith in their institutions.
Please click on the buttons below to learn about legal developments in December; manipulated data that slaps lipstick on the Kingstonian’s supposed benefits; how our elected officials amplify the lies, and new plans showing reduced public parking — even though “desperately needed” parking was the pretext for the tax giveaway.
-0-