Yankee Stadium Luxury Box Negotiations
Assembly Member Richard Brodsky, chair of the New York State Assembly Committee on Corporations, Commissions and Authorities, recently released emails he obtained between New York City officials and the Yankees. The emails detail negotiations around city luxury suites in the new stadium. One leverage point involved the city’s request to the IRS for tax exempt bonds for the project.
Read coverage by the Daily News, which includes links to the emails.
Read copies of the emails, courtesy of the Daily News. Email 1, 2, 3, 4, 5
Read stories by the New York Times, the New York Post and the Village Voice.
Meanwhile, Brooklyn reporter Norman Oder examines the “comparable” property the city used to value the land under Yankee Stadium, specifically disputing the notion that a vacant parcel in Alphabet City can be compared to one in the South Bronx. Read more about the controversy over the stadium property assessments.