Them that's got shall get

David Sirota catches Michael Bloomberg's New York looting the city's treasury for his old buddies in the financial services sector:

City and state officials are close to sealing a deal with Goldman Sachs offering the investment bank more than $1.75 billion in incentives to build their new headquarters across from the World Trade Center. The offer — paid for with public funds — includes no additional amenities for a residential community that will have little access to the 740-foot tower...The new agreement comes after months of negotiations and includes $1.65 billion in triple tax-free Liberty Bonds — $650 million more than the offer made last September — and about $150 million in new city and state tax credits. In all, Goldman Sachs will probably save $100 million in interest costs over 30 years from the Liberty Bonds, according to the Independent Budget Office, a nonpartisan group."

Because, you know, the Wall Street neighborhood is so far removed from the geographic center of Goldman's world that they need strong financial incentives to locate their offices there.