The great luxury box battle surfaced in e-mails obtained by Assemblyman Richard Brodsky (D-Westchester) under the Freedom of Information Act in his ongoing investigation of the Yankees' new taxpayer-subsidized stadium.
"The city's pursuit of a luxury suite at Yankee Stadium was achieved at a significant cost to taxpayers," Brodsky said in releasing dozens of e-mails dating back to January 2006.
The Yankees got the city to write a letter to the IRS so they could obtain $942 million in tax-free bonds. The team plans to request $366 million more, saving them a total of $247 million in lower borrowing costs. In return, Bloomberg's team wanted a free luxury suite and the right to buy at cost 180 of the best seats to all home games, including post-season, the e-mails show.Click here to see copies of emails
Click here for more emails
Should we be surprised this kind of scandal actually happened in a city where people got trampled to death by frenzied Black Friday shoppers?
ReplyDelete