The Steinbrenner Subsidy

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun
The New York Sun
NEW YORK SUN CONTRIBUTOR

With the deal not yet finally sealed on the Jets stadium for Manhattan’s West Side, the Yankees are now reportedly edging ahead with plans for their own subsidized stadium. With the Jets subsidy threatening to soar into the several billions – $300 million each from the city and state, plus another $2 billion or so to extend the no. 7 subway – it’s only natural for the other sports franchises in town to try to seek a similarly rich deal. Any plan for the city to sink more funds into subsidizing athletes and owners – while ordinary New Yorkers groan under one of the highest state and local tax burdens in the nation – deserves to be greeted with skepticism. At the least, it seems reasonable for the Yankees to have to go through an open bidding process as rigorous, if not more rigorous, than the one the Jets went through. We’d love to see the Yankees decide to stay in New York City. But the cases of the Nets and Jets, who left for New Jersey only to come crawling back to New York, show that New York has the upper hand in the negotiations with these teams. There’s no reason for the city to behave as if it doesn’t.

The New York Sun
NEW YORK SUN CONTRIBUTOR

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.


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