Why the new stadium is sooo important for the Yankees
Here's another very enlightening article in the Daily News (click the title above to read the whole thing).
But start with this excerpt:
"When the Yankees build their new stadium they will be able to deduct some of the building costs from their portion of the revenue-sharing pool, but when the stadium opens in 2009 they should have vast new revenue streams from concessions (up to six times the current stadium retail space) and luxury boxes (with up to three times as many as they have now)."
And all the community that surrounds the stadium has to do is give up their parks and open space to help poor little George out.
posted by * @ 10:59 AM
3 comments
3 Comments:
If he is such a bad businessman, if he can't make money even with the most profitable sports team in the country, why should he be trusted to build a new stadium at all? The funds for it (plus additional moneys to cover over runs) should be placed in escrow before construction even begins. And if he can't do that, then the city should seize his team if he can't cover the costs. After all, if city money is used to build the new stadium, the team should belong to the city!
Perhaps the city could use "eminent domain" on the Yankees. This sounds like the best idea.
Hey, here's an idea. Have the city use "eminent domain" to seize the Yankees from Steinbrenner!
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