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The Financial Background to the NYC Community Garden Story

  • Subject: [cg] The Financial Background to the NYC Community Garden Story
  • From: Adam36055@aol.com
  • Date: Thu, 20 Oct 2005 21:10:15 EDT


Our NYC community gardens had the opportunity "to be," because the city was 
broke and on the verge of bankrupcy. In the midst of this "macro," the story of 
our community gardens, "the micro," was part of the work of so many NYC 
citizens to save our city in the face of what seemed then to be extremely daunting 

Felix Rohaytn, of Lazard Freres, (in the day, I called this financial company 
"lizzard brothers," ) was the former former Chairman of the Municipal 
Assistance Corporation (MAC)  which brought the city back from the brink of 
bankrupcy. For long term community gardeners, it will be very interesting to hear about 
the economic situation that permitted hundreds of acres of NYC real estate to 
become so devalued that they could fall into the "clutches" of the likes of 
us. This will be an interesting evening. 

Best wishes, 
Adam Honigman
Clinton Community Garde


Lessons from the NYC Fiscal Crisis: 30 Years Later 
Tuesday, October 25 at 6:00pm 
In the Spring of 1975, New York City found itself on the verge of bankruptcy. 
A coalition of public officials, unions, and business leaders came together 
to save the city. Thirty years later, cities across the state are facing or 
recovering from similar financial troubles. This evening conference focuses on 
the lessons that should have been learned in 1975. A keynote address by Felix 
Rohatyn will be followed by a distinguished panel of scholars and civic leaders.

Keynote address: Felix Rohatyn, former US Ambassador to France and former 
Chairman of the Municipal Assistance Corporation (MAC)

Presented in collaboration with Baruch College of the City University of New 

Non-members: $12 
Members, seniors, educators, students: $6 
See our website (www.nyhistory.org) for complete listings 
or call 212-485-9205 for a brochure.

To reserve tickets 
Call (212) 485-9205 
Charge your order to Visa, Mastercard or American Express 
We cannot guarantee seating if you have not prepaid

New-York Historical Society
170 Central Park West at 77th Street
New York NY 10024

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