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April 22, 2009
Yankees handing over $68K in back rent
The New York Yankees agreed to pay the city some of the back rent owed on their old stadium, but negotiations on another $64,000 continue.
AP via Crain's NY Business
The team that committed $423 million to just three free agent contracts this past off-season, raised ticket prices 76%, and is receiving, according to Field of Schemes author Neil deMause [PDF], north of a billion dollars in public subsidies for its new ballpark, is haggling with the city over $64,000. Is it any wonder the team is cursed?
The Yankees say they'll pay New York City $67,574 in back rent on their old stadium.
Under its rental agreement, the baseball team can deduct some maintenance costs from its rent.
An audit being released Wednesday by Comptroller William Thompson found improper deductions, including some payroll, security and stadium repair costs.
The team and the city are still haggling over another $63,888 in rental credits from last year.
NoLandGrab: $64,000? Pay your #@%&ing tab!
Posted by eric at April 22, 2009 12:34 PM