If you were citing the book "Diamond Dollars," then you are absolutely correct.
In exchange for his new shiny ballplayers, the dauphin of the Yankee Empire would have been pressed to use those funds to build his new shiny stadium, built entirely from the generous taxpayers of New York City. Imagine a Yankee franchise that was actually restrained to adhere to a realistic budget. Thanks to Mayor Bloomberg, who in 2001 said that they couldn't afford 800M for both stadiums, we may never know. Steinbrenner may be given the stigma of a greedy entrepreneur that is looking to minimize his own cost, but the city of New York eventually caved to his demands. For this, they deserve a giant FAIL.
Another book I recommend is "Public Dollars, Private Stadiums," which exposes the disgusting nature of public officials and team officials that collude in order to screw a third party out of millions of dollars to get stadiums built. None of which are any benefit to the public. It should outrage any citizen that happens to reside in these cities, and should outrage anyone who subscribes to certain political philosophies that are impacted by these deals. The socialist should jeer at the political conspiracy hatched against the working class. The libertarian should abhor that the government is forcibly taking property from the taxpayer. The conservative? Well, they don't know what the f*** they want, as long as Steinbrenner praises JESUS they should be OK. Douches.... Besides Jesus, Conservative ideals are quite noble, but they have strayed from their roots. It should outrage everyone on the principle that some brilliant central planner, has decided that spending some of your money is best spent on the New Yankee Stadium. Rather than helping the truly desolate of New York City, or even better, leaving that money in your own pocket. The precedent has already been sent, just wait until a local politician is pitching the idea to you.