The (Stub)Hub Of City Government Scalps Luxury Box

Don’t worry, Kevin, the additions to the Mets’ pitching staff might mean they have a chance against Philadelphia this year:

The city will relinquish use of the 12-seat box in exchange for whatever revenue the Yankees generate by selling the seats, minus the cost of marketing them. Although neither the city nor the Yankees have publicly disclosed the market value of the suite, similar suites at the new stadium are being sold for as much as $600,000 a year.

The city’s acquisition of the Yankees suite had drawn scrutiny, especially after e-mail messages surfaced in November showing that aides to Mayor Michael R. Bloomberg had zealously pursued the luxury box, as well as free food and access to post-season games.

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The e-mail messages revealed that after the Yankees made concessions over the size of the suite and the food, the team received an additional 250 parking spaces, as well as the rights to three new billboards along the Major Deegan Expressway and whatever revenue they generate.

The messages contrasted with earlier public statements from Seth W. Pinsky, president of the city’s Economic Development Corporation, that the suite was not a big issue and that the city had received it simply as a matter of course. One message said that the acquisition of a suite in the Mets stadium was “a big issue to the mayor.”

Under the new arrangement with the city, the Yankees will be allowed to keep the parking spaces and use of the billboards, and the city will be guaranteed at least $100,000 for each baseball season, even if no one buys the suite. The deal was formalized last month in a letter from Mr. Pinsky to the Yankees president, Randy Levine, that was made public on Tuesday. A similar arrangement is being negotiated with the Mets, which also gave the city free use of a suite in its new ballpark, Citi Field.

Location Scout: New Yankee Stadium.