Despite some heated testimony during mandatory hearings, the New York City the Industrial Development Agency approved more than $452 million in new bonding for the Mets and Yankees.
Despite some heated testimony during mandatory hearings, the New York City the Industrial Development Agency approved more than $452 million in new bonding for the Mets and Yankees.
We’ve covered the contentious hearings already — they worked better as a public spectacle than as an informed discussion over the merits of tax-exempt bonding for private institutions — and it sounds like they have virtually no impact on the decision to issue $372 million in bonds for the Yankees and $80 million in bonds for the Mets. No surprise: the critics really had nothing substantial to say anyway.