With Yankee President Randy Levine’s tardiness in responding to his subpoena kicking things off yesterday, the New York State Assembly’s Yankee Stadium hearings were unfriendly and downright tense. There were some nasty back-and-forths between Levine and Seth W. Pinsky, president of the city’s Economic Development Corporation, on one side, and Assembly Member Richard Brodsky on the other.
For solid coverage of the hearings, check out Neil de Mause’s running journal of the proceedings at The Village Voice’s Runnin’ Scared site (Part 1, Part 2), and I highly recommend reading through it if this issue interests you. De Mause clears up some questions many RAB readers have had about the funding mechanisms and who is paying for what.
Meanwhile, few conclusions emerged from these hearings The Yankees, it seems, have not been completely transparent with their numbers but neither has the city. It also remains unclear whether someone did something wrong, who has the power to penalize anyone, who would be penalized and what the punishment would be. Now that New York City Comptroller William C. Thompson has thrown his hat into the mayoral ring, I’m sure we’ll be hearing from him on the stadium issue again as well as Brodsky and perhaps Congress. The IDA vote on the bonds will go on as scheduled tomorrow, and I expect them to be approved.