By Bettina Damiani and Dan Steinberg
This report by Good Jobs New York reveals that taxpayers will pay a far higher price for a new Yankee Stadium than public officials and team executives have let on. Direct and indirect subsidies could exceed $480 million and a city-sponsored analysis suggests the new stadium would not generate enough revenue to cover its cost to taxpayers. The report also argues that subsidizing this stadium is a costly and inefficient strategy for creating jobs. Finally, the South Bronx community that would be most impacted by the project has been excluded from the planning process.