I just think you don't like the Yankees.

Lupica transcribes Brodsky:

"You may want a new Yankee Stadium, or you may not. But whatever side you come down on, remember that it's your money that's going to build it. The Yankees are alone in insisting that it's Yankee money. Even NYC officials now admit the truth of what we've been saying, that taxpayer dollars are tearing down The House That Ruth Built, and replacing it with The House That You Built.

Here's how they do it. The city sends the Yankees a property tax bill like everyone else gets. The Yankees write a check (about $70 million a year) to the city for that amount, just like everyone else. But next, unlike you or I, the city winks and sends that check to the Yankees' bankers to pay off the $1.4 billion mortgage, plus the $1.4 billion in interest on the new Stadium. You or I can't get that deal, but the Yankees did."

See, if you're saying the taxpayers are paying for it, and then you're saying that taxpayer is the Yankees ...

"And they got a lot more. The [sic] got an additional $575 million directly to build parking garages and sewers and other stuff for the new Stadium. They don't have to pay sales tax and mortgage recording taxes that every other taxpayer pays, and they get interest rate subsidies. That's an additional taxpayer subsidy of about $350 million."

I still don't believe that's the same thing as a subsidy.

Even though, obviously, the Yankees are asking for sweet deals from the government because the government is expecting a major return for this investment, economic and otherwise.


Like, what's an "interest rate subsidy"?

A NYC resident's tax rates are increasing because of the new Yankee Stadium? No.

The Yankees are paying taxes, just at a reduced rate.

I guess the argument is whether or not the Yankees are paying their fair share, and perhaps that's a fair argument. But this is not free money.


When I contend that this is simply another example of anti-Yankee hysteria, consider this as Exhibit A:

"The Mets’ request for $82.3 million in tax-exempt bonds to complete Citi Field was approved unanimously with little debate."

Really?

What about the straphanger and the fairness and the unwillingness to recognize the pain that New Yorkers are now undergoing?


You know what's weird? I don't recall a single demand for a salary cap when the Angels offered Teixeira $160 million.