You’re not going to believe this, but the Yankees and Mets need — and are going to get — more money from the taxpayers of New York:
With opening day for the city’s two newest baseball stadiums only four months away, the price tag for taxpayers continues to rise.
The Bloomberg administration has issued fresh estimates for utility work, lighting and the cost of replacing the parks and ball fields that once stood where the new stadium for the Yankees is being erected.
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.
This is on top of the $660 million in infrastructure developments and improvements and $500 million in tax breaks already being given to the families Steinbrenner and Wilpon by taxpayers.
Query: are the Yankees and Mets still sticking to the “we’re-paying-for-our-own-stadium” talking points, or has it finally become too ridiculous a charade to maintain?