[Go Gordon]

So, the citizens of the rest of the country are being asked to subsidize baseball in NYC, and make the likelihood of future subway series even greater.

You obviously have not thought about all the tax revenues generated from these teams. Whenever a new stadium is built, the city it is built in almost NEVER loses money. The net impact on taxpayers is either a wash or a net gain.

Also, I don't believe any federal money is going towards the stadium projects. Its a combination of state/city/team money. If you are trying to say that the WTC federal disaster relief money is somehow going to be diverted to the stadiums - what is the basis for that accusation? Your opinion?

Let's say instead of having the Yankees move to NJ, they get a new stadium and stay in NY City. Assuming the Yanks new stadium will be 1/2 the current projected cost of $800 million. Over a 20 year period thats $20 million, plus interest, per year (roughly speaking).

The upcoming payroll for the Yanks is gonna be $150 million. What is the city wage and state income tax burden? Not being a New Yorker, for these millionaire players I'll guess 5% city and another 7% for state. Thats 12% of $150 million, or $18 million per year. When you add the taxes collected for wages of front office personnel, wages of construction workers, wages and sales tax from vendors, taxes on tickets, restaurantes, hotel rooms, airline travel, memorabilia, parking receipts etc., etc., etc., Well, you get the picture.

[ken5050]

Wrong on ALL counts....several studies have shown that public financing of sports stadia does NOT produce jobs or revnues for the municipality in excess of the costs incurred.....and if the city didn't have to lay out the one billon, it would need one billion LESS in aid, right?

[big gray tabby]

Several disingenuous arguments. The city takes in revenue from the teams now-- the issue is whether a new facility would bring in additional revenue. This incremental revenue is the only issue with New York stadiums because they're not going anywhere.

The money for the stadiums is not Federal money, but Federal money will be used to shore up the city's finances, while the city spends money on a stadium. Money being fungible and all that, it will be Federal money used on the stadium.

It's not like I'm against the stadium on principle, but I would like to argue it out on the facts.

[glorgau]

I believe that the NY tax only gets paid for the home games.

[undergroundwarrior]

No more city taxes from the ballplayers. Non-resident tax eliminated about two years ago. I doubt too many ballplayers live within the five boroughs.