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Taxpayers will fund Yankees' VIP parking

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#1 (permalink)

01-02-2008, 03:05 PM

vincesanity82

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Taxpayers will fund Yankees' VIP parking

The Yankees and hundreds of their VIPs will get free valet parking for the next 40 years, courtesy of New York taxpayers. The startling revelation of yet another subsidy for the richest team in baseball is buried deep in the fine print of a $237 million tax-exempt bond offering that city officials quietly issued the week before Christmas. The documents say a $70 million state subsidy for parking improvements for the new Yankee Stadium (slated to open next year) has been earmarked for a new 660-car valet parking garage where virtually all the spaces will be reserved for the free, year-round use of the Yankees and their VIPs. -- NY Daily News

Taxpayers will fund Yankees' VIP parking, NYC gets less money

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