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teachervido
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source: http://sports.espn.go.com/mlb/news/story?id=4221471
ALBANY, N.Y. -- New York Yankees officials say it would cost taxpayers more than $5 million if the team is forced to provide internal records sought by lawmakers looking into public financing of the club's new stadium.
Assemblymen Richard Brodsky, a Westchester Democrat, and James Brennan, a Brooklyn Democrat, are questioning what Brodsky claims is nearly $4 billion in financing and tax breaks over 30 years that was used to build the new ballpark. The legislators say many ticket prices have been hiked beyond the reach of fans.
The Yankees dispute the $4 billion figure for the stadium that cost $1.5 billion to build.
Speaking during a court hearing in Albany on Monday, Yankees CEO Lonn Trost says 90 percent of non-suite stadium tickets cost under $100.
Trost said Brodsky was "grandstanding."
Brodsky, who took the stand, said he focused on the Yankees' deal instead of public financing for the new New York Mets stadium across town because the Yankees' deal was twice the cost. Brodsky also claimed the Yankees' deal appeared to manipulate the tax law and included $1 million to cover free tickets for city officials.
---Do you think this is true? Did Yankee stadium cost twice as much money to build as Citi Field? This is sad when there's a freeze on hiring new teachers in NYC and the layoffs left & right
ALBANY, N.Y. -- New York Yankees officials say it would cost taxpayers more than $5 million if the team is forced to provide internal records sought by lawmakers looking into public financing of the club's new stadium.
Assemblymen Richard Brodsky, a Westchester Democrat, and James Brennan, a Brooklyn Democrat, are questioning what Brodsky claims is nearly $4 billion in financing and tax breaks over 30 years that was used to build the new ballpark. The legislators say many ticket prices have been hiked beyond the reach of fans.
The Yankees dispute the $4 billion figure for the stadium that cost $1.5 billion to build.
Speaking during a court hearing in Albany on Monday, Yankees CEO Lonn Trost says 90 percent of non-suite stadium tickets cost under $100.
Trost said Brodsky was "grandstanding."
Brodsky, who took the stand, said he focused on the Yankees' deal instead of public financing for the new New York Mets stadium across town because the Yankees' deal was twice the cost. Brodsky also claimed the Yankees' deal appeared to manipulate the tax law and included $1 million to cover free tickets for city officials.
---Do you think this is true? Did Yankee stadium cost twice as much money to build as Citi Field? This is sad when there's a freeze on hiring new teachers in NYC and the layoffs left & right
