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August 25, 2008
Is Kucinich looking at the issue of naming rights?
Atlantic Yards Report
From a New York Times Magazine Q&A yesterday with Rep. Dennis Kucinich:
I see you are scheduled to speak at the convention on Tuesday, at the Pepsi Center, which sounds like the name of a soda plant. Why is it called that?
My guess is that Pepsi probably bought the naming rights. Naming rights are another thing my subcommittee — the Domestic Policy Subcommittee — is looking into.
We know that the subcommittee has been looking into the tax-exempt bond deals for Yankee Stadium and other sports facilities, as well as the rules behind tax-exempt bonds. But the naming rights inquiry is news to me.
NoLandGrab: If Bruce Ratner's new basketball arena in Prospect Heights is technically publicly owned, how come he gets to keep all the money made from selling the naming rights?
Posted by lumi at August 25, 2008 5:09 AM