More Bonds to go to Yankees’ Stadium
Friday, January 16, 2009
New York, NY –
City officials overwhelmingly voted to approve an additional $370 million in tax-exempt bonds today for the Yankees' new baseball stadium. The bonds will pay for extra features, such as a better sound system and an enclosed press box. It will also pay fees to accelerate the pace of construction. Yankees president Randy Levine says the team lost time due to lawsuits, but the stadium will be ready in April.
LEVINE: When this stadium opens, there will never be a baseball stadium ever built that will make people feel as good and as proud as the new Yankees stadium.
REPORTER: The lone "no" vote came from Comptroller Bill Thompson's appointee to the agency board. Thompson, who is challenging Mayor Bloomberg in this fall's election, said he voted against the bonds because the city's contribution to the project has more than doubled.