June 30, 2003
NY minor-league parks not paying off
That $110 million that New York taxpayers spent on new minor-league ballparks for the Staten Island Yankees and Brooklyn Cyclones isn't exactly paying off as promised. The Daily News reports that predictions of a stadium-led revitalization of Coney Island have been slow to materialize, with business at local stores up a meager two percent since the ballpark opened. Meanwhile, city comptroller Bill Thompson has charged that the Baby Yankees have been undercounting ticket sales, leading to a $373,000 shortfall in rent payments to the city. Gosh, where have we heard that before?
Posted by Neil deMause
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