The American Federation of Teachers is touting in a digital and print advertising campaign the pension fund investment in the plan overhaul of LaGuardia Airport — a pet project of Gov. Andrew Cuomo.
LaGuardia Gateway Partners, the entity formed as one of the main vehicles for the project to renovate the sagging airport, includes the California State Teachers’ Retirement System as an investory.
The overhaul, as announced by Cuomo and Vice President Joe Biden this summer, is expected to cost $3.6 billion at Terminal B at the airport. The partners consortium is expected to finance $2 billion of the project, with $1 billion coming from the Port Authority of New York and New Jersey.
“We wanted America to know that nurses, teachers and public workers across the country are investing in America—they are creating tens of thousands of good jobs by leveraging their pension assets and rebuilding our nation’s infrastructure—in addition to treating patients, teaching our kids and protecting our communities,” said AFT President Randi Weigarten. “This is solution-driven unionism. It proves what can happen when creative and innovative thinking is applied to America’s most pressing challenges, such as our crumbling infrastructure.”The ad campaign will be conducted through terminals A, B, C and D at the airport.
Cuomo's pet project getting jump-started with pension money from teachers after Cuomo promised to "break" public schools.
You just can't make this up.
The next time you see some jive from the AFT, NYSUT or UFT about fighting Cuomo, remember how they're helping him out with the pension fund.