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July 21, 2007

Yanks Reach First Place ... In Stadium Subsidies

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Village Voice
Neil deMause

"It's obviously not the first time there were major cost overruns associated with a large development project in the city," Good Jobs research analyst Dan Steinberg tells the Voice—the city's $100 million cost for Brooklyn's Atlantic Yards project, he notes, mysteriously "leaped to $205 million" earlier this year, while the 1970s renovation of Yankee Stadium was initially budgeted at $24 million before ballooning to a final price tag of $101 million.

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Posted by amy at July 21, 2007 9:02 AM