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This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Thursday, December 12, 2013

Bill de Blasio's first decision: Corporate welfare for the Yankees and an Arab sheik? -- By Timothy Carney, The Washington Examiner

The proposed soccer stadium would be proposed in the top center portion of this overhead view of Yankee Stadium.

The proposed soccer stadium would be proposed in the top center portion of this overhead view of Yankee Stadium.


Progressives like NYC Mayor-elect Bill de Blasio want Big Government to work for the deserving. So, the question is: How deserving are the New York Yankees and Sheik Mansour Bin Zayed Al Nahyan?
The New York Daily News reports:
Under the complex proposal, the new soccer team — a joint venture of the Yankees and Manchester City Football Club, a British team owned by Sheik Mansour Bin Zayed Al Nahyan — would pay virtually no rent for 38 years for the largely city-owned land on which the proposed 28,000-seat soccer venue would sit.
The new franchise would also be permitted to divert the property taxes it would normally owe the city to pay off its bonds, the sources said — a deal similar to the one the Yankees and the Mets got for their new stadiums in 2005. The soccer club would be exempt from sales taxes or mortgage taxes.
Sports owners may be the most subsidized class in America. Every year, we hear of a few new stadiums getting taxpayer subsidies.

Today, the Atlanta Tea Party filed a lawsuit to block subsidies for a new Atlanta Braves baseball stadium in Georgia's Cobb County. Washington, D.C., is going to spend nine figures on a soccer stadium and charge the team $1 in rent.

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