Yanks have yet to give promised stadium money to the communityBy
When the Yankees and City officials negotiated the new stadium deal, part of the agreement focused around a community benefits program. Under this deal, the Yankees were supposed to give $1.2 million a year for thirty years to a variety of community groups upon the start of construction. Well, 17 months later, and, as Timothy Williams writes in The Times today, the Yanks haven’t given out any money. Furthermore, the Yanks have yet to form the organization tasked with administration with the donations. The Yanks say the money is in eschrow and will be given out. I see no reason not to believe them. But the secrecy and delays as detailed in Williams’ article do not reflect well on the organization.