March 20, 2008
NYC throws another $47m on the Yanks barbie
The New York City Parks Department and Economic Development Corporation yesterday released new figures for the expected costs of replacement parks and "infrastructure" around the new Yankees stadium project. The upshot: The city's outlay is now $242 million, up from $195 million a year ago and $135 million a year and a half before that. The total construction cost of the project is now an unreal $1.885 billion, with $833 million of that covered by taxpayers.
More details in my post for the Village Voice website, or via the latest iteration of the spreadsheet (which discounts future expenses by 6% a year, if you're wondering why the figures don't quite match up with those in the Voice piece).
