If the Atlantic Yards arena moves closer toward construction, maybe the New York Times will take a skeptical look at the numbers behind it. Meanwhile, in today's article about baseball stadiums, headlined As Stadiums’ Costs Swell, Benefits in Question, there's a lot of skepticism.
And then there's some he-said, she-said:
Still, Assemblyman Richard L. Brodsky, a Democrat from Westchester, and Good Jobs New York, a private advocacy group, have been critical of the Yankees project for what Mr. Brodsky says are “massive subsidies” resulting in too few jobs. He has also said that the city may have manipulated the value of the stadium land in order to comply with federal regulations regarding tax-exempt financing for stadiums, an assertion that a Congressional subcommittee under Representative Dennis J. Kucinich, a Democrat from Cleveland, is investigating.
The Bloomberg administration and the Yankees have vigorously disputed those criticisms.
OK, but things definitely do not compute.
And then there's some he-said, she-said:
Still, Assemblyman Richard L. Brodsky, a Democrat from Westchester, and Good Jobs New York, a private advocacy group, have been critical of the Yankees project for what Mr. Brodsky says are “massive subsidies” resulting in too few jobs. He has also said that the city may have manipulated the value of the stadium land in order to comply with federal regulations regarding tax-exempt financing for stadiums, an assertion that a Congressional subcommittee under Representative Dennis J. Kucinich, a Democrat from Cleveland, is investigating.
The Bloomberg administration and the Yankees have vigorously disputed those criticisms.
OK, but things definitely do not compute.
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