SUPPORT SCIENCE PARK

The Post’s editorial page has twice questioned the merit of investments by New York city and state in the East River Science Park, the city’s first commercial biotech building, which is rising on the Bellevue Hospital campus (“Bloomberg’s Bribes,” Editorial, Nov. 12).We respectfully disagree.

For too many years, scientific breakthroughs that have been discovered in our great research universities have been snapped up by companies that are located in San Diego, Boston-Cambridge, Palm Beach and other places where local governments have moved aggressively to attract the biotech sector.

The Bloomberg administration, with help from Assembly Speaker Sheldon Silver and Gov. Spitzer, has finally acted to reverse this loss of biotech jobs and tax revenues that belong to New York.

East River Science Park does not involve any subsidy to the private developer, but public funds were required to rebuild the streets and sewers servicing Bellevue Hospital in order to accommodate a facility that promises to anchor a significant new industry.

This is an investment that will pay great dividends to our city and state.

Kathryn Wylde

President & CEO

Partnership for NYC

Manhattan

EDITORIAL NY POST

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