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- 8 m ago In Spring Valley accident on The NY State Thruway (I-87/287/Tapp) SB approaching X14a/Garden State Pkwy Connector (NB). Stop and go traffic from I-87/I-287/NJ Western Split in Suffern
  
  In Spring Valley accident on The NY State Thruway (I-87/287/Tapp) SB approaching X14a/Garden State Pkwy Connector (NB). Stop and go traffic from I-87/I-287/NJ Western Split in Suffern
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  In Westchester: ON The NY State Thruway accident on I-87 (Deegan/Thruway) NB approaching I-287/Cross Westchester Expwy/x8. Stop and go traffic from Saw Mill River Rd/x7 in Ardsley
- 23 m ago In Nanuet accident cleared on The NY State Thruway (I-87/287/Tapp) SB near X13/Palisades Pkwy. Slow traffic from X14/Spring Valley/NY Rt-59 in Spring Valley as reported by n/a
  
  In Nanuet accident cleared on The NY State Thruway (I-87/287/Tapp) SB near X13/Palisades Pkwy. Slow traffic from X14/Spring Valley/NY Rt-59 in Spring Valley as reported by n/a
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Westchester Newsday New York

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Yonkers on hook for $9M amid failed loans

Originally published: July 5, 2012 7:51 PM
Updated: July 6, 2012 2:26 PM
By NIK BONOPARTIS nik.bonopartis@cablevision.com

The total amount owed, including interest, comes to

The total amount owed, including interest, comes to a whopping $9 million. (July 5, 2012 7:08 PM)

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City officials say that $6 million in economic

Evening Newscast for Jul 03, 2012 Mayor Spano's new budget calls for 37 layoffs

Mayor Spano's new budget calls for 37 layoffs

Yonkers firefighters say budgets cuts are too deep Yonkers Mayor Mike Spano hopes to close a

Yonkers Mayor Mike Spano hopes to close a

Yonkers Mayor Mike Spano unveils budget proposal

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More on this story on News 12 Westchester

Vacant offices, shuttered storefronts and mom-and-pop stores long out of business.

That's what Yonkers got for $6.5 million in loans intended to spark job growth and stimulate the local economy, according to documents obtained by News12 Westchester.

Because Yonkers acted as a middleman to secure the Section 108 loans from the federal government -- and vouched for the businesses receiving...

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