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.”
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