Truth & Rumors > MLB
Report: Yankees deal may be illegal
New York City and the Yankees may have violated federal tax regulations and state laws in using $943 million in tax-exempt bonds to build the baseball team's new stadium, according to a report issued on Tuesday by Assemblyman Richard L. Brodsky. Saying the taxpayers are footing the bill for the $1.3 billion Yankee Stadium in the Bronx and are getting little in return other than higher ticket prices and the loss of parkland, Mr. Brodsky, a frequent critic of the deal, said that the report stems from a review of thousands of pages of previously unreleased documents. Although city officials and the Yankees hotly disputed many of the findings, the report concluded that the city and the state invested as much as $850 million in cash and tax breaks in the new stadium, which sits across 161st Street from the team's historic home in the South Bronx.
New Yankees Stadium, Chris McGrath/Getty Images
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Comments (253) Add A Comment
I, for one, am SHOCKED the Yankees would do something unethical. Shocked.
TFBuckFutter
Total Comments (267)
Yes, I know I'm an outspoken Yankees hater, but seriously this situation is deplorable. Anyone see the the E60 report last night? It looks to me like mayor Bloomberg should be in hot water along with the Yankees as well. And no I disagree with those who will say our government has more important things to do than hold a congressional hearing over this. Poor children with high obesity rates and their families were lied to and robbed by the city and the Yankees. Read this Times story and watch the E60 report. It's one thing to be a Yankees fan and defend their practices in baseball operations. This is an entirely different thing, a social issue where they are criminals.
EastCoastKeith
Total Comments (2161)
yeah, this comes right out of left field......
Miguel#94
Total Comments (874)
I should clarify something from my prior comment for those who choose not to read the NY Times story - it will be a congressional subcommittee hearing tomorrow on this matter - not a "congressional hearing" as I put it. Sorry about the mix-up.
EastCoastKeith
Total Comments (2161)
yeah subcommittee or congressional, there are completely entirely different kinds of hot air blowing discussions. Could thing that got cleared up, cuz its going to be so much less a waste of time.
Whalers
Total Comments (1563)
the tax-payers are building this staduim............think there will be a discount on tickets for the fans, doubt it. Stinkin' good for nothin' Steinbrenners......
StinkyClubfoot
Total Comments (64)
Hey, look, it's Vincent, my pet rock.
Vincent, it's me, your brother, Julius!
SlinkyRedfoot
Total Comments (17884)
it might be Illegal but what are they going to do about it... MOVE the stadium that is already in place???
NYY25to13
Falcon, CO
Total Comments (776)
Hey, look, it's Vincent, my pet rock.Vincent, it's me, your brother, Julius!
StinkyClubfoot
Total Comments (64)
Well, they Could try to move it. That would be a huge job for The Mega-Movers from the Discovery Chanel
StinkyClubfoot
Total Comments (64)
Yes, that is the only option because there is no way they would consider penal or financial repercussions.
SlinkyRedfoot
Total Comments (17884)
Your creativity, in full regalia, on display for the world to see.
SlinkyRedfoot
Total Comments (17884)
retarded.
SlinkyRedfoot
Total Comments (17884)
Your creativity, in full regalia, on display for the world to see.
StinkyClubfoot
Total Comments (64)
retarded.
StinkyClubfoot
Total Comments (64)
After some research, I have concluded, without a doubt, that NY-MESS/StinkyClubfoot is an alter of Roy/Cassidy.
Lancelot Link
Total Comments (187)
That's interesting. Makes perfect sense.
SlinkyRedfoot
Total Comments (17884)
Hey slink, there seems to be some man-love thing for you. In all seriousness, I love the Yankees and all, but they are stiffing everyone in that area, tickets arent the only thing that's high priced, rent is going up like crazy and the tax payers are the ones paying for it. **** the Steimbrenner's!
ShouldaFiredtheUMPS
New York , NY
Total Comments (3845)
What's up, Roy? How are the TD's coming along? Swimmingly, I hope.
The Beaver
Total Comments (98)
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