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The constituents have also been asked to make large financial commitments to the project, "but there is no mechanism for constituent oversight of the budget," the letter continued.
Low mortgage rates have not been enough to lift the anemic housing market, however, because many potential consumers cannot qualify for loans and many others do not feel comfortable making large financial commitments in such a weak labor market, said Patrick Newmark, United States economist for IHS Global Insight.
It's a familiar cycle: first come the news media pictures of emaciated infants, followed by conferences on how to do better next time, visits from top-level government officials and large financial commitments from international organizations and even donors like China and the Ikea Foundation.
From the perspective of AOL (which owns TechCrunch), there's an obvious advantage to getting large financial commitments up front.
Despite the positive numbers, young Americans still remain wary of large financial commitments.
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"That is a very large financial commitment.
The project represents an unusually large financial commitment by the city to move an arts organization — in this case, a critically acclaimed theater company from Manhattan — into Brooklyn.
He said he was uncertain whether any of them could make such a large financial commitment quickly enough to ensure a tournament for this year, however.
But a lingering question about Cablevision's position on the Yankees is this: what is the upside to refusing to carry YES? Avoiding a large financial commitment?
It's a large financial commitment and the investor has no personal investment, which makes me very wary," says Stephen Smith, housing director at Legal & General.
Something like a tax-advantaged savings account to be used only for home buying might even encourage a few marginal credit risks to save a bit longer before making such a large financial commitment.
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CEO of Professional Science Editing for Scientists @ prosciediting.com