Assemblymember Richard Brodsky, D-Greenburgh, Westchester County, wrote two letters to New York Yankees President Randy Levine today seeking information about the Yankees deal with New York City and the IRS on the team’s new stadium and tax-exempt financing it is getting.
Brodsky contends that New York City appraisals show the land for the new stadium is valued at $21 million, but that New York City told the IRS that the value was $204 million.
Brodsky also sought information about the number of jobs created, the apparent purchase of a luxury suite by New York City and the New York City Industrial Development Agency, and the impacts of the project on the local economy.
He is also questioning an additional $366 million in publicly assisted financing and that the team is getting, saying it raises more questions about the stadium’s economic development benefits to the city.
Brodsky, who heads the Assembly’s Committee on Corporations, Authorities, and Commissions, has been hammering the Yankees over the new stadium, which is set to open next season.