That title is a tad misleading. The Mets received far less $$$ to begin with and are asking for $85 million while the Yankees are looking for over $300 million. I don’t think either should receive another penny, but to equate the two teams is wrong. Also the Yankees and the City are being looked at for vastly inflating the value of the land the new Stadium is on as a way of providing collateral for their bond amounts. The land is valued 10 times what neighboring vacant land is valued only a block away.
The “land” has a large building on it that has value.
Lets see maybe the bailout babies, Citi will finance the bonds and receive its cut, AIG will insure the bonds and receive its cut, the bonds are tax exempt because they are munis, and of course if things go in the tank the citizens of New York are on the hook. Come on Derek and Alex chip in pay that luxury tax!