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Mall proposed for Citi Field parking lots

The New York Mets are proposing a 1.4-million-square-foot shopping mall on the parking lots to the east of Citi Field, and have received some important endorsements for the project. Queens Borough President Helen Marshall endorsed the project yesterday: Marshall gave her solid blessing to the 1.4-million-square-foot shopping mall on what is currently the baseball stadium […]

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Mets settle Madoff clawback case

New York Mets ownership will enter the 2012 season without some huge financial uncertainty, settling for $162 million a lawsuit alleging they had willfully ignored signs of fraud committed by Bernie Madoff. The lawsuit, brought by trustee Irving Picard, called for Fred Wilpon and Saul Katz — owners of the Mets — to pay $300 […]

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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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