'Soviet-Style' Tactics Said To Be Used To Help Yanks
By PETER KIEFER, Staff Reporter of the Sun
June 13, 2008
City and state officials are working in concert to convince the Internal Revenue Service to make it easier to get access to hundreds of millions of dollars in tax-exempt financing for the construction of the Yankees, Mets, and Nets stadiums.
All three projects have already received hundreds of millions of dollars in tax-exempt bond financing, but the city and state are seeking more, which has angered a number of watchdog groups and state legislators.
"These decisions are being made in secret in these Soviet-style meetings and it is outrageous," the chairman of the Assembly's Committee on Corporations, Authorities and Commissions, Richard Brodsky, said. On Wednesday, it was disclosed that the Yankees had approached the city about seeking an additional $350 million in tax-exempt financing.
Friday, June 13, 2008
'Soviet-Style' Tactics Said To Be Used To Help Yanks
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