Why Did Cash-Strapped Development Spend $100 per box for Holiday Lights That Cost $10?
By Michael Horowitz
BRONX, NEW YORK, February 1- Riverbay assistant treasurer Daryl Johnson said Co-op City's expenditure of $100 per box for Christmas lights and decorations is one example of how management wastes money. All told, Johnson noted, Co-op City spent $14,000 on the holiday decorations....
“Just by looking on the Internet, Co-op City could have saved money on the holiday lights,” Johnson pointed out. “I don't see why Co-op City always seems to spend more for things than it should have to spend.”
“Christmas lights should cost no more than about $10 per box, rather than $100 per box,” Johnson noted. “If I know that, I don't understand why the people at Riverbay paid $100 per box for the Christmas lights and decorations.”
The board member added, “Co-op City is a very big place, and we should be able to benefit from bulk purchasing. We should be able to get a better deal than individuals get when buying supplies, but that doesn't seem to be the case when it comes to the Riverbay Corporation.”
Highland Mint OBAMAINAUGK Barack Obama Presidential Inauguration 24KT Gold Coin (Google Affiliate Ad)