Yankees seek more public financing for new stadium

[BronxBomberz]

New York City officials confirmed that the New York Yankees are seeking more public financing to build their new stadium.

State Assemblyman Richard Brodsky of Westchester, whose committee investigates public debt projects, said Wednesday that the Yankees now say that if they don't get another $400 million in public financing the club might not be able to finish the stadium.

Janel Patterson of the New York City Economic Development Corp. that is working with the Yankees said the project isn't threatened. But she said the city is working to relieve an Internal Revenue Service regulation that prohibits more public debt to be incurred for the stadium. Brodsky says that IRS change also is being sought to help stadium and arena projects for the Mets and Nets.

Yankees seek more public financing for new stadium - NewsFlash - NJ.com

[NYgiantsfan5689]

eh, $400 million isn't that much money........o wait......YES IT IS

[browntown653]

*yawn*