Monday, November 05, 2007

"Ballpark Figures Top City Concession Haul" NY Post 10/5/7

By DAVID SEIFMAN, City Hall Bureau Chief

November 5, 2007 -- The city made more money out of Yankee Stadium parking last year that it did from the rest of the ballpark.

Newly compiled Parks Department figures show the city collected $3 million in parking concession fees at the historic stadium in fiscal 2007 - $700,000 more than the $2.3 million the Yankees paid to lease the entire facility during that 12- month period.

Officials attributed the topsy-turvy numbers to deals made by City Hall over the years, particularly during the Giuliani administration, that allow the Yankees to deduct the cost of improvements at the stadium from their rent payments, as well as costs associated with planning for the new stadium, now under construction.


Click the title above to continue reading this article and to see a graph included with it over at the Post's site.


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