BID E.D's Salaries NYC

If you are wondering why The Chinatown Partnership Local Development Corporation needs a budget of $1.5 million, then have a look at NYC's

smaller B.I.D.s and their Executive Director's salaries and it is clear where the money is going:

New York Post March 29 09

By ANGELA MONTEFINISE, KATHIANNE BONIELLO and SARAH RYLEY
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* Salaries for leaders of some of the city's large BIDs included

$671,000 for Grand Central Partnership President Alfred Cerullo,

$201,000 for Daniel Biederman of the 34th Street and Bryant Park BIDs,

$202,000 for Tom Cusick of the Fifth Avenue BID, and

$197,000 for Tim Tompkins of Times Square, according to 2007 tax documents.

$100,000.00+ Wellington Chen, Current salary at Chinatown Partnership L.D.C.