The Volokh Conspiracy
"The New York Yankees have just asked New York City for an additional $259 million in tax-exempt government-backed bonds to finance the construction of their new stadium. This comes on top of the $940 million in previously approved bonds and up to $450 million in direct government spending on the project. Even prior to the current funding request, the new Yankee stadium had already gotten more government subsidies than any other stadium project in American history. The rival Mets are also asking for additional government bond for their new stadium, albeit a much smaller amount."
Remember this when NYC demands a bailout....likely soon......
"The New York Yankees have just asked New York City for an additional $259 million in tax-exempt government-backed bonds to finance the construction of their new stadium. This comes on top of the $940 million in previously approved bonds and up to $450 million in direct government spending on the project. Even prior to the current funding request, the new Yankee stadium had already gotten more government subsidies than any other stadium project in American history. The rival Mets are also asking for additional government bond for their new stadium, albeit a much smaller amount."
Remember this when NYC demands a bailout....likely soon......
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