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News of the Day – 11/30/08
Posted By Diane Firstman On November 30, 2008 @ 8:45 am In Diane Firstman,News of the Day | Comments Disabled
Sunday Newsy Sunday …
The Yankees got the city to write a letter to the IRS so they could obtain $942 million in tax-free bonds. The team plans to request $366 million more, saving them a total of $247 million in lower borrowing costs. In return, Bloomberg’s team wanted a free luxury suite and the right to buy at cost 180 of the best seats to all home games, including post-season, the e-mails show.
David Lombino, a spokesman for the city’s Economic Development Corporation, cautioned against reading too much into the e-mail messages.
“Securing the option to use a box at the stadium was one part of a much larger, comprehensive negotiation where we sought the best deal possible for the city,” he said. “Our goal was to make sure that New York had the same advantages as other cities, including the option to use a box, be it for staff outings, for public employees or for visiting dignitaries. The mayor’s office has indicated that no decision has been made as to whether or not it will exercise the option, but it exists for this and future administrations.”
The Yankees have informed the ultra-popular Frank “Hondo” Howard that his services won’t be retained. Howard worked this past season as a professional scout. And former Yankees outfielder Hector Lopez, who spent the last 15 seasons as a coach for the rookie-level Gulf Coast Yankees, won’t return, either. The Yankees also let go special pitching instructor Rich Monteleone, batting-practice pitcher Mitch Seone and massage therapist Scott Yelin.
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URLs in this post:
 Daily News: http://www.nydailynews.com/sports/baseball/yankees/2008/11/29/2008-11-29_city_demanded_free_suite_food_from_yanke.html
 Times: http://www.nytimes.com/2008/11/30/nyregion/30stadium.html?pagewanted=2&partner=rssnyt&emc=rss
 Newsday: http://www.newsday.com/sports/ny-spken1130,0,161708.column
 who?: http://www.baseball-reference.com/e/evansba01.shtml
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