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Citi Field revenues down again in 2012

For the third straight year revenues were down at Citi Field, as New York Mets ownership struggles to find the right mix between ticket and concession prices. Newsday obtained the team’s revenue statement via FOIA; the statement is a requirement of the bonding deal that funded ballpark construction. In 2012 ballpark revenue for the Mets […]

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Citi Field debt downgraded by Moody’s because of Mets-Madoff connection

More bad news for Fred Wilpon and Saul Katz: debt of Citi Field has been downgraded by Moody’s because of concerns over ties between the New York Mets ownership and disgraced felon Bernie Madoff, as well as an impending clawback lawsuit. “While the ultimate outcome of the litigation and the timeframe for final resolution are […]

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