Results tagged “stadiumfinancing”

    

The owners of the Jets and Giants were on hand for a ceremony yesterday to celebrate the final steel beam being laid down on their new stadium. The complex is four months ahead of schedule after breaking ground only eighteen months ago. Both teams are set to move into the New Meadowlands Stadium for the 2010 season and the team owners say that it may be ready by this December.

The Yankees have done all right for themselves with politicians when they've needed officials to sign off on financial assistance for their new stadium. But when team brass has had to come in and answer to some representatives who have been more than skeptical of the deals the team has received, their treatment hasn't been quite so cushy.

After the city has been taken to task in recent months for its dealings with the Yankees in the process of financing the team's new stadium--so far as being accused that it served no public interest--it can't be good PR for the Bloomberg administration for everyone to know just how strongly they pushed to get the best luxury box possible for themselves. Well new e-mails made public do just that in revealing how the mayor's office put on a full court press in its attempts to obtain a luxury box at the new Yankee Stadium.

The Village Voice's Neil deMause is liveblogging the hearings about the financing of the new Yankee Stadium. Representative Dennis Kucinich has suggested that the $924 million the Yankees got in tax-exempt bonds may have been improper, hence these hearings. According to the Voice, Kucinich just said the Yankees withheld documents--requested in July--until Wednesday and says this is "evidence they don't want the truth to come out." In other Bombers' big money news, the Daily News' Mike Lupica suggests the Yankees will spend more crazy amounts to get talent so they can win 90 games in the new stadium.