(now, admittedly, I'm biased, because we don't have a new stadium, or any of that fun stuff)
I think it's REALLY hypocritical for New York teams to be handing out big contracts in this economy while crying to the State to help them with regards to their two new stadiums.
The city also plans to issue $341.2 million in additional tax-exempt bonds on behalf of the Yankees and Mets to complete the stadiums, whose combined cost is about $2.2 billion. The teams are responsible for paying off the bonds, but they pay tens of millions of dollars less in interest because payments to bondholders are exempt from city, state and federal taxes.
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