Obama Administration: Times Square Must Remove Iconic Billboards

You can call it a bureaucratic blunder … or a Washington blooper.

But any way you slice it a move by the federal government to make the city remove Times Square’s iconic billboards falls in the category of “whose bright idea is this?”

It is known as the “Crossroads of the World,” the “Center of the Universe” and “the Great White Way,” but Times Square could become like the “Black Hole of Calcutta” if the federal government has its way, CBS2’s Marcia Kramer reported Tuesday.

The feds say many of Times Square’s huge and neon-lit billboards must come down or the city will lose about $90 million in federal highway money.