@craigcalcaterra
Yankees president Randy Levine thinks you're an idiot
Mr. Levine opened our discussion with a big play.
“There are no subsidies,” he said.
He folded that hand soon enough. According to the city’s Independent Budget Office, the stadium received about $270 million in federal tax-exempt financing. There was an additional $58 million for the parking garages, which the Yankees don’t own but from which they benefit.
“The bonds don’t cost the city or the state anything,” Mr. Levine said. “It costs federal taxpayers all over the country.”
That might not comfort a taxpaying plumber in Tulsa.
The city and state gave the Yankees a $40 million sales tax exemption on their construction costs. Mr. Levine argues that the stadium now generates sales tax, which is true but is beside the point. Most women and men start businesses without government subsidies and pay sales tax.
http://mlb.nbcsports.com/2016/04/18/yankees-president-randy-levine-thinks-youre-an-idiot/
@keithlaw
or, worse, he himself believes the manure he's spreading
― we can be heroes just for about 3.6 seconds (Dr Morbius), Monday, 18 April 2016 15:04 (nine years ago)
whoops, i forgot!
i'll paste Randy's rantings and we can lock this
― we can be heroes just for about 3.6 seconds (Dr Morbius), Monday, 18 April 2016 16:18 (nine years ago)