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Yeah $@&#ing Right: Yanks Threatened To Leave Town
Mets PoliceOct 26, 2008
"New York City officials told a congressional panel Friday that they didn't do anything improper in shepherding through $1.3 billion in financing for a new Yankee Stadium, but the assurances did little to mollify the congressman who is investigating the deal.
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"At issue was a six-fold increase in the city's assessed value of the land, to around $200 million. Rep. Dennis Kucinich, an Ohio Democrat, suggested the reason was to make it easier to get tax-exempt bonds to pay for the construction of the ballpark in the South Bronx.
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"Meanwhile, Yankees President Randy Levine told the lawmakers bluntly that the new stadium would have never been built, and the Yankees would have left the Bronx, without the financing."
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