NOTE: In response to comments from the Lower Manhattan Development Corporation, GJNY is including these clarifications:

* Recovery grants: The report does not "ignore" the residential grant program ($280.5 million) or business assistance ($426.5 million contribution to Empire State Development Corporation's programs). In fact, Section IV of the report describes the recovery programs and notes that they were created in the aftermath of the attacks and have been analyzed elsewhere. GJNY chose to focus the report on the remaining $1.3 billion in funds to be used by the LMDC for rebuilding and revitalization. If we had included a more in-depth analysis of the business and residential recovery grants, the result would have been an even stronger conclusion that the agency's funding is skewed in favor of big business and more affluent residents of Lower Manhattan.  

* Equity: The LMDC reports that $26.1 million has gone to fund improvements in thirteen parks in Lower Manhattan. The LMDC sub-contracted this money to New York City. LMDC materials do not make clear how much money went to each of the four parks designated for funds in Chinatown and the Lower East Side;