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FOR IMMEDIATE RELEASE
PR- 355-03
December 10, 2003

STATEMENT BY MAYOR MICHAEL R. BLOOMBERG ON FRANCHISE AND CONCESSION REVIEW COMMITTEE'S DECISION ON SNAPPLE

"I am pleased that the Franchise and Concession Review Committee has recognized the tremendous benefits of the City's agreement with Snapple and voted to approve this groundbreaking partnership that will provide New York City with $166 million over five years.

"The Administration has listened to the concerns that have been expressed by the Comptroller, other elected officials, and members of the public.  We have been welcoming of the recent scrutiny from both members of the FCRC and the City Council because we are confident this is a great deal for New York City and we wanted to dispel any misunderstandings about what was indeed a complicated transaction. 

"The partnership with Snapple is a testament to what City government can do, particularly in tough fiscal times, when it looks to solve problems in new and creative ways that capitalize on New York City's unique resources."







MEDIA CONTACT:


Edward Skyler / Jennifer Falk   (212) 788-2958




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