NYC Auctions $200M In COVID Supplies For Paltry $500,000: Report
View Source | February 21, 2023 6:43 pm
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- New York City wasted $200 million on unused COVID-19 materials and sold them off for a tiny fraction of the purchase price, according to reporting by NYC outlet The City.
- The city government auctioned off materials, including N-95 masks and breathing devices known as “bridge vents,” for a steeply discounted price. For the 9.5 million items auctioned off, taxpayers recouped just $500,000, or five cents per item, per the report.
- According to emails acquired by The City, in one of the auctions that yielded sales, the bidders paid $194,000 for materials that originally cost $980,000. The report also notes that taxpayers shelled out $12 million for ventilators that were later sold as scrap metal for less than $25,000.
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