« Whatever Yankees Want | Main | The Brooklyn Paper mailbag »
January 15, 2009
Is Yankee Stadium costing taxpayers too much money?
Crain's NY Business Poll
The Yankees' request for additional tax-free financing to finish its new stadium has generated criticism from some politicians, partly because much of the money will be spent on luxury add-ons. The city's Independent Budget Office places the cost to city taxpayers for the $1 billion-plus stadium at $363 million.
Is the stadium costing taxpayers too much money?
Yes. Mayor Michael Bloomberg claims he drives a hard bargain, but he gave away the store to the Yankees.
No. The new stadium is generating all sorts of economic activity in the Bronx, and in the long run, the city will come out ahead.
Click here to cast your vote.
Posted by eric at January 15, 2009 4:58 PM