February 23, 2006

How soon they forget

While the Yankees will cover the $800 million tab for the new stadium, Good Jobs New York says once subsidies are factored in, the project would cost taxpayers $480 million - more than double what has previously been suggested. -NY1.com, Feb. 7, 2006

Under the plan, the Yankees would pick up $800 million of construction costs, with the city chipping in for infrastructure. -NY1.com, Feb. 23, 2006

It's the Yankees' version of the hidden-ball trick: Get a new stadium and quietly pass the costs on to taxpayers. That's the conclusion of a report issued yesterday by Good Jobs New York, which found that, even if the team picks up the stadium's construction costs, the public will face other expenses and lost revenue totaling nearly half a billion dollars. -New York Daily News, Feb. 8, 2006

The Yankees agreed to finance the entire cost of building the new stadium, including any cost overruns. The Yankees put the cost at $800 million. The city and state will spend an additional $210 million for infrastructure improvements and the parkland changes. -New York Daily News, Feb. 23, 2006