Tuesday, 8 April 2008

public revenue for yankee stadium

the New York Yankees (Professional baseball team) are buliding a new stadium for the 2009 baseball stadium in the bronx. some of the funds for the stadiums comes form private investors the rest comes from the die hard fans, and the tax payers who dont even care about the yankees. their ideas of getting money for the stadiums is all screwed up, they give the people who can afford parking for the new stadium free parking for the next 40 years. but the die hard fan has to pay upto 17 dollars a game juss to park their cars and it could go up to 35 dollars through 2014. the ultimate version of give to the rich and take from the poor reincarnated into your favorite sports. but then again when you are tax exempt on a billion dollar project using city bonds u can almost do whatever u want. as reported by sports illustrated's john Rolfe, the city will miss 80 million dollars worth of revenue just for giving out the free parking space and guess where the lost money comes from look no futher than overpriced cold hot dogs and flat beers.

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