New York Teams Need More Public Dollars to Complete Stadiums

[TheKilo]

http://sports.yahoo.com/mlb/news?slug=ap-mets-yankeesballparks&prov=ap&type=lgns

 

NEW YORK (AP)—The Yankees and Mets are asking the city for $450 million more in public bonds to finance their new ballparks, on top of nearly $1.5 billion they were already granted, according to the city’s Economic Development Corp.

 

The teams requested the additional financing in applications filed with the city ahead of a public hearing on the funding next month. The applications have not yet been made public, but the city shared details in response to questions from The Associated Press.

 

In the Yankees’ application, the team is asking for another $259 million in tax-exempt bonds and $111 million in taxable bonds, on top of $940 million in tax-exempt bonds and $25 million in taxable bonds already granted for its $1.3 billion stadium.

[BoSox21]

yup, thats just what NYers will like. Having to pay more taxes to fund f***ing baseball stadiums with the economy the way it is