Foundation for Economic Education » Work Begins on Yankees' Subsidized Stadium

Work Begins on Yankees' Subsidized Stadium

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Declaring the start of a new era for the Yankees and for the Bronx, officials broke ground yesterday on a $1.2 billion project to build a 51,000-seat replacement stadium. The ceremony took place as throngs of police officers cordoned off protesters who oppose the project because it will eliminate most of two parks and require $400 million in public subsidies. (New York Times ^[1], Thursday)

Who do those taxpayers think they are?

FEE Timely Classic
The Economic Woes of Pro Sports: Greed or Government? ^[2] by Raymond J. Keating

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/work-begins-on-yankees-subsidized-stadium/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2006/08/17/nyregion/17stadium.html

[2] The Economic Woes of Pro Sports: Greed or Government?: http://www.fee.org/publications/the-freeman/article.asp?aid=2780

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