Market
Primary funding source for Roosevelt Hotel migrant housing by end of 2025?
3
Resolution / Starting Odds
City Budget • 25%
Federal Funding • 25%
Private Donations • 25%
Other • 25%
Official NYC budget reports or announcements
Story
NYC Allocates $220M for 3-Year Migrant Housing at Pakistan-Owned Roosevelt Hotel, Closed Since 2020
Nov 30, 2024, 08:09 PM
The city of New York has allocated $220 million to rent the Roosevelt Hotel in Manhattan to house migrants. The hotel, owned by the government of Pakistan, was part of a $1.1 billion IMF bailout package to help Pakistan avoid defaulting on its financial obligations. The contract guarantees the use of the hotel for three years. The hotel had been mostly empty since its closure in 2020. Critics have raised concerns about the use of taxpayer funds to support this arrangement, arguing that it effectively benefits a foreign government while providing housing for individuals in the U.S. illegally. The decision has sparked debates over federal and city policies regarding immigration and financial priorities.
View original story
Similar markets
No • 50%
Yes • 50%
Other • 25%
New York State Government • 25%
Department of Justice • 25%
Department of Homeland Security • 25%
Insurance Claims • 25%
Private Donations • 25%
Federal Government Funds • 25%
State Government Funds • 25%
Private Investments • 25%
State Funding • 25%
City Budget • 25%
Federal Grants • 25%
Other • 25%
Trump Organization funds • 25%
Bank loan • 25%
Private investment • 25%
Private donations • 25%
State government funds • 25%
Federal government funds • 25%
Private insurance • 25%
Other • 25%
Public-private partnership • 25%
Private funding • 25%
Public funding • 25%
External investors • 25%
Internal funding • 25%
Bank loans • 25%
Government grants • 25%
Private Donations • 25%
Federal Budget Allocation • 25%
Reallocated Military Funds • 25%
Other • 25%
State Government • 25%
Federal Government • 25%
International Aid • 25%
Private Donations • 25%
Congressional appropriations • 25%
Pentagon funds • 25%
Other sources • 25%
Department of Homeland Security funds • 25%