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What could NY City do with $600 Million?

So asks a television ad purchased by Madison Square Garden, opposing the $600m subsidy to build the Jets a new stadium in Manhattan. Here's Mayor Bloomberg's bombastic retort:

"There is an allegation that one company in order to protect their own commercial interest is trying to stop jobs coming to this city. That's an outrage, nobody's going to pay any attention to it and if that's the only opposition we have to doing what's right for this city, then we're in great shape."

If it is jobs that justify the subsidy, all the evidence implies they'd be a mighty expensive purchase. It's Mayor Bloomberg's comment that's outrageous. Whatever their interest, MSG is asking the right question.