Proposed New Yankees Stadium: Good for Taxpayers?

The New York Yankees have proposed construction of a new, $800 million ballpark that is privately financed. Although $200 million in city and state funds would be used for infrastructure and parkland, sports economist Andrew Zimbalist of Smith College notes, "any way you look at it, this is a pretty generous deal for the city." Financing for the new Yankees stadium would be certainly different than that for the publicly-financed project recently proposed by the Marlins (and as we recently discussed).