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Taxpayers to pay for Yankees parking

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The Yankees and hundreds of their VIPs will get free valet parking for the next 40 years, courtesy of New York taxpayers. The startling revelation of yet another subsidy for the richest team in baseball is buried deep in the fine print of a $237 million tax-exempt bond offering that city officials quietly issued the week before Christmas. The documents say a $70 million state subsidy for parking improvements for the new Yankee Stadium (slated to open next year) has been earmarked for a new 660-car valet parking garage where virtually all the spaces will be reserved for the free, year-round use of the Yankees and their VIPs.

New York Daily News

Yankee Stadium, AP Yankee Stadium, AP
January 2, 2008  05:43 AM ET

Now this exciting, loaded with so-called talented players who can't win anything and taxpayers money would be used to watch them lose, that's the Yankees for you!

January 2, 2008  06:03 AM ET

Is Congress running the Yankees too?

January 2, 2008  07:21 AM ET

660 V.I.P.s?.....Seems like a lot of very important persons. The spots are for all the politicians, and their girl friends. I suspect Guiliani has a few of those spots marked for his harem...

January 2, 2008  07:39 AM ET

Give them all the free parking they want but just sell their tickets to real fans.

January 2, 2008  07:42 AM ET

they will sell the tickets all right. No problem there. And they will make so much mney they won't give a damn about the real fans. By the time 2013 rolls around and the parking fees double or triple the real fan will be sitting on his real couch in front of his real TV in his real living room. He or she will no longer be able to afford to go to the games with their families.

January 2, 2008  07:47 AM ET

The joys of being a yankee fan . . . . .I'm not . . .but there appears to be enough "happy" ones to keep the machine rolling.

January 2, 2008  08:02 AM ET

That's hilarious! These Rich guys can't afford parking?

January 2, 2008  08:14 AM ET

Pass the buck along. It's the american, errr Yankee way!!

January 2, 2008  08:29 AM ET

The TRUTH has also found a little known clause that mandates tax support for Arod "personal services". Ya know, essentials like avacado masks, pedicures, bikini waxes, and $1 bills for strippers.

January 2, 2008  09:02 AM ET

This is no different then giving banks, IT companies, etc tax breaks. This is how things are done around the US. If we don't like it run for office and change it. Seems like this is news because it is the Yankees.

January 2, 2008  09:13 AM ET

RSB, at least Yankee fans can find parking in the Bronx, thbbbthp!
Ahhhhh, it feels so much better to be back in my right skin.

January 2, 2008  09:13 AM ET

BrSee

It appears to be someone different because you are not giving the company a break, you are giving the employees a break. I can understand if you give an oil company subsidies to drill for oil, but you are not givig the individual employees a subsidy for coming to work. In this case you are gving millionairs free parking. Guys that make 20+million a year don't need freed parking. Now if this was free parking for the fans, I could understand considering they subidised teh actual ball park.

January 2, 2008  09:14 AM ET

somewhat . . . not somone

January 2, 2008  09:18 AM ET

I read this story this morning. Its kind of a big deal. The News made a little more of it then it had to, however the fact that taxpayers will foot the bill for the elites that attend the park, while at the same time normal fans will pay double, is one of the most disgusting things I have ever seen.

I have to figure that Citi Field for the Mets will have the same problem. Luckily I drive out to Shea once in a blue moon. I usually take PT.

It just goes to show that nobody cares about the little guy.

January 2, 2008  09:24 AM ET

Moondizzle,

That is the great capitalistic society we live in. The only way to change the actions of a company is cost it money. As long as it makes money it will pursh the envelope for the sake of more capital and as long as you pay it, they will keep raising prices. There are yankee fans that will go into debt to attend games, so they aren't worried about it being too expensive.

January 2, 2008  09:26 AM ET

True enough. And I'm all about capitalism. Dont get me wrong. This is the nature of the beast. However this is one of the more egregious moves by management I have ever seen, where they are literally taxing the little guy to help the rich. Not just offset their cost. Not even our government works like that. Not on that level.

I will try in my next post to start 4 sentences off with NOT.

January 2, 2008  09:27 AM ET

I'm sorry 4192, I don't talk to closet Red Sox fans like yourself. It's time to come out and stop hiding behind that evil avatar and admit your love of the Sox. ;-)

January 2, 2008  09:34 AM ET

RSB- 4192 has a great avitar as is so no need to change. And I will also be sitting on my real couch watching my real tv as my real wife complains she wants to watch something else on tv in 2013 when only celebrities and politicians can afford to go to Yankee Stadium.

January 2, 2008  09:38 AM ET

he had a better one on Monday bc :D

 
January 2, 2008  09:39 AM ET

Bad enough they added more luxury boxes and put in less seats at the New Yankee Stadium. I guess years from now when I have kids the closest thing to a Yankee game they are going to attend will be a Staten Island Yankee game. (btw- they made last years deal even better. Now you get tickets to 7 SI Yankee games, all you can eat burgers, hot dogs, soda and chicken sandwiches at those 7 games, tickets to a game in the Bronx, ticket to an Old Timer Game to be played in SI, priority in buying Yankee playoff tickets.) Got to love minor league ball.

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