Governor Paterson, along with creditors, decided to extend a combined $6 million loan to St. Vincent's Hospital. Additionally, the hospital received a loan last week from the state, GE capital and TD Bank, totaling $8 million. This line of credit is designed to meet meet payroll and supply expenses. St. Vincent's Hospital is currently $700 million in debt.

Darryl Greene, a partner of the Aqueduct Entertainment Group (AEG), left the group as a result of over $1 million in back taxes owed to the state by companies with which he is associated. This announcement does not bear favorably on AEG's public perception, given recent claims that it won the Aqueduct bid as a result of political ties.

Brooklyn Borough President Marty Markowitz (D) announced last week in his “State of the Borough” address that the first section of the Brooklyn Bridge Park will not open until the spring. The Pier 1 Recreation Area was initially scheduled to open in 2009, and previous delays pushed the opening date to January 2010. Markowitz didn’t provide any explanation for the latest delay.

The construction delays and funding shortfalls at the Brooklyn Bridge Park project exemplify the challenges municipalities face in creating of new parkland in New York City and across the country.

Brooklyn Bridge Park lacks the $125 million needed to complete the project. Though the City is responsible for the park's construction, the park will use proceeds from food sales and fees from the adjacent condominium complex to sustain operations and maintenance. There is concerned about the degree to which the park will remain "public" if it is dependent on private financing schemes.