Ugh Indeed. Maybe We Can Call it Bailout Ballfield?
January 30th, 2009
An anonymous tipster pointed out that we skipped over a significant bit of news in this morning’s Eye Opener: a bi-partisan committee of two is asking the Mets to vacate Citigroup’s naming rights contract — in 2006 the now-beleaguered bank agreed to pay $400 million for naming rights to the stadium. With taxpayers funneling more than a few dollars into Citigroups gaping maw, some in Washington think that stadium naming is a luxury the bank can ill-afford. No word yet on how far back that would set the otherwise complete stadium financing.By Amanda Hickman on January 30, 2009, 1:31 pm
In category: Gotham City, Land Use, Public Finance | 3 Comments »