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Thursday, January 15, 2009

Yankee Stadium Financing Scrutinized

James Fergusson mentioned yesterday's Jim Dwyer column in the Times about the Yankee money grab.

Dwyer also had this critical piece last Wed.

Here's the lede ...

Suppose a public school wanted some nice new things.

Things like a 60-inch plasma television for every class, a dining room outfitted with leather banquettes and linen tablecloths, and an emerald green playing field.

Suppose, also, that the school already had working televisions, a lunchroom with folding tables that could be cleaned with a sponge, and a big asphalt play yard.

I think you know where this is going.

The Times piles on today with this editorial

Yesterday, in a hearing about the Yankeees' latest request for an additional $370 million in taxpayer-financed tax-exempt bond (they received $942 million in tax-exempt bonds in 2006), Assemblyman Richard Brodsky, chairman of the committee holding the hearing, and team president Randy Levine clashed repeatedly on the details of the deal.

Neil deMause has the blow-by-blow on the Village Voice blog.

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