New York, NY —
Mayor Bloomberg says he won't use the luxury box the city will get free of charge when the new Yankee Stadium opens in April. The move comes after embarrassing e-mails surfaced showing how hard his aides lobbied for the perk. WNYC's Matthew Schuerman has more.
REPORTER: Bettina Damiami of Good Jobs New York, a critic of the stadium, says Bloomberg's reversal obscures the real issue: whether to grant the Yankees another $370 million in tax-free bonds.
DAMIANI: If the Bloomberg administration thinks that rescinding its luxury boxes is going to soften the blow of the incredible subsidies going to this project, I think they are sorely mistaken.
REPORTER: Already, the city has spent $310 million on infrastructure improvements to help out the Yankees, more than twice what was originally budgeted. But the Bloomberg administration says the project is still worth the extra investment. A spokesman says the restaurants in the new stadium will bring in more sales and income taxes than previously expected because they'll be open year-round. For WNYC, I'm Matthew Schuerman.
HOST: The city's Industrial Development Agency will vote on the bonds for the Yankees next week.