The New York City government has apparently created tax breaks for the Yankees (via Kip Esquire).
State Assemblyman Richard Brodsky says he'll issue a report Tuesday finding that New York City manipulated the assessed value of the new Yankee Stadium to get an Internal Revenue Service tax exemption.
Proponents say "nuh uh." Besides, the new stadium will be a boon to the local economy. That despite the consensus of sports economists that building sports stadiums does not benefit local economies at large.
The Budweiser roof outside of Wrigley Field has been covered up, plus an answer to the question: what is the value of a roof?
That's how Anheuser-Busch describes the brown tarp that now covers one of the most famous Wrigley Field icons -- the huge Budweiser billboard covering the roof of a home just beyond the ballpark's left field wall.
The house sold in June for $8.35 million, and the home's new owner covered up the billboard Wednesday after voiding Bud's $347,287.50-a-year lease amid a contract feud with Anheuser-Busch. He then announced the space is for rent -- just in time for the playoffs and perhaps a historic, well-watched run at the World Series.
"It's available," owner Tom Gramatis said. "It's known as the Budweiser Building, but it's the Whoever-Wants-To-Go-Up-There Building."
Some in sports say the economy is affecting their business.
NBA commissioner David Stern said his league plans to trim at least 50 of the 800 jobs in its U.S. work force and has shut the NBA office in Los Angeles.
“Our revenue targets are still being met,” he said. “But we know there’s going to be enormous pressure on those targets in the next year or two.”
NFL commissioner Roger Goodell recently wrote a memo to his staff urging it to control costs and identify new sources of revenue.
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