We just got a press release from City Controller Alan Butkovitz, announcing that tomorrow he plans to release the long-awaited results of an audit into the Neighborhood Transformation Initiative (NTI).
NTI was Mayor Street's signature program to revitalize city neighborhoods by knocking down blighted buildings, cleaning neighborhoods and packaging property for development. Street borrowed $300 million in bond money for the project, which he unveiled in 2001.
Butkovitz's office has been conducting an audit on whether NTI spent their bond funds in accordance with Internal Revenue Service guidelines. Plans for another audit on the program's spending habits were made earlier this year by the Redevelopment Authority, although that process has been put on hold.
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics – which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Catherine Lucey joined the Daily News in 2002 and has written about murderous drug gangs, political protesters and Harry Potter. After covering the 2007 mayoral election, she moved over to the City Hall bureau where she has been reporting on the Nutter administration.
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans.
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