{"id":3946,"date":"2008-11-07T11:57:53","date_gmt":"2008-11-07T16:57:53","guid":{"rendered":"https:\/\/www.bridgeandtunnelclub.com\/blog\/?p=3946"},"modified":"2008-11-07T11:57:53","modified_gmt":"2008-11-07T16:57:53","slug":"damn_damn_yankees","status":"publish","type":"post","link":"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2008\/11\/damn_damn_yankees.html","title":{"rendered":"Damn, Damn Yankees . . ."},"content":{"rendered":"<p>So not only did the Yankees <a href=\"https:\/\/www.bridgeandtunnelclub.com\/blog\/archives\/2006\/07\/is_the_city_in.html\">use their planning money to lobby the city<\/a> but they went ahead and deducted more than allowed from that $5 million credit so that <a href=\"http:\/\/www.nypost.com\/seven\/11072008\/news\/regionalnews\/11m_ballpark_figure_137591.htm\">now the city has to go after the team for what is, in effect, &#8220;back rent&#8221;<\/a>:<\/p>\n<blockquote><p><em>The Yankees have agreed to fork over $11 million to the city in back rent &#8212; money the team probably would have preferred to spend on an ace starting pitcher for next season. <\/p>\n<p>The team underpaid the city the equivalent of Mike Mussina&#8217;s salary between 2003 and 2006, according to an audit by City Comptroller William Thompson. <\/p>\n<p>Under the team&#8217;s rental agreement, the Yankees pay the city a percentage of all revenue from tickets, parking and cable television, officials said. <\/p>\n<p>During that three-year period, the team took in more than $1 billion and paid the city $17 million. <\/p>\n<p>But according to the audit, the Yankees improperly deducted costs above and beyond the $5 million permitted for planning for the new stadium. <\/p>\n<p>More than $9 million was improperly deducted for stadium planning in 2006. <\/p>\n<p>The team also low-balled its gross revenue during the three years, costing the city another $2 million, the audit states.<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>So not only did the Yankees use their planning money to lobby the city but they went ahead and deducted more than allowed from that $5 million credit so that now the city has to go after the team for what is, in effect, &#8220;back rent&#8221;: The Yankees have agreed to fork over $11 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,68,35],"tags":[],"class_list":["post-3946","post","type-post","status-publish","format-standard","hentry","category-architecture_infrastructure","category-follow_the_money","category-grrr"],"_links":{"self":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/3946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/comments?post=3946"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/3946\/revisions"}],"predecessor-version":[{"id":3947,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/posts\/3946\/revisions\/3947"}],"wp:attachment":[{"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/media?parent=3946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/categories?post=3946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgeandtunnelclub.com\/blog\/wp-json\/wp\/v2\/tags?post=3946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}