Results tagged “subsidies”

Back in 2006, an agreement signed the day construction started for the new Yankee Stadium promised the team would pay $1.2 million a year in cash and in kind to a fund benefiting Bronx residents for 40 years. It was a gesture to make up for the inconvenience during construction and loss of parkland the new stadium was costing the neighborhood. After a year and half, none of the money has been distributed - and it's unclear who will be distributing it, if ever.