Perks of the new Stadium: free seats for city officials

Hip, hip, contract evaluation
Wang, Milton, Kazmir Zambrano, Brackman updates

As people have actually now taken the time to bother to read documents pertaining to the new stadium deal between the City of New York and the New York Yankees, a whole bunch of odd findings are making their ways to the press. Today’s story focuses on free seats for city officials.

According to Adam Lisberg, the Daily News’ City Hall bureau chief, this so-called Landlord’s Suite will have room for 12 and while it while be supported by money from taxable bonds, it still should have the same “accommodations, services and amenities” as every other sutie in the new stadium. Writes Lisberg, “The city also gets the right to purchase up to 180 tickets at every home game ‘for the best seats available’ at face value – even for playoffs and the World Series.

While par for the course in sweetheart land deals, the Mayor’s Office had to correct Mayor Bloomberg after he denied the existence of such a luxury suite. This is just more fuel for the fire of politicians looking to dig into a highly questionable land deal.

Meanwhile, following up on yesterday’s story concerning the valuation of the land underneath the new stadium, SF at YFSF raises an interesting point: If the MTA got a whopping $1.05 billion for the Hudson Yards land, how are we expected to believe that the Yankee Stadium land is more valuable? Considering my undying love for the MTA, I should have caught that point myself yesterday. There’s no way the Yankee Stadium land in the Bronx is $25 per square foot more than the last frontier in Manhattan that is due for subway service within the next handful of years. Fishy, fishy, fishy.

Hip, hip, contract evaluation
Wang, Milton, Kazmir Zambrano, Brackman updates