Monday, September 22, 2008

Yankees' Deal May Have Violated Law...OMG!!

That's right ladies and gentlemen our famous Yankee's may have violated federal tax regulations and state laws in using $943 MILLIONNN in tax-exempt bonds to build the baseball team's new stadium, according to a report issued on Tuesday by Assemblyman Richard L. Brodsky. Well, who really knows the facts here? This stadium is costing the city of the Bronx $1.3 Billion. In return Brodsky says that we are getting little in return because the ticket prices are going to be much higher than what they are now, and we lost a park, the new Yankee Stadium is built on a parkland. Brodsky said this deal does not serve the public's interest. It serves the Yankees' interest.
The Yankees have commented to put these rumors to a stop. Yankee executives said that they will employ an additional 1,000 people, not the 15 listed in project documents. A large Yankees' team store and restaurants like the Hard Rock Cafe will be open year round, they said. The stadium is set to open February 2009.

In this world of politics you never know who’s telling the truth. I leave you with a quote/question from Mr. Brodsky... We do things for professional sports we wouldn't do for any other business. Is that fair???

I rate this article as a 3- It shows three journalism qualities such as impact on people because it's directly affecting the people of the Bronx, proximity being that yesterday was the last day of games in the old stadium, and in some cases public service because it is a service and an institution offered to the public to it gets a lot of attention.

No comments: