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Politics : Formerly About Advanced Micro Devices

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From: tejek9/18/2010 12:32:26 PM
   of 1576930
 
Biggest waste of taxpayer monies.

New Stadiums Strike Out for Investors and Taxpayers

By JONATHAN BERR

Posted 11:58 AM 09/18/10 Economy, People, Taxes

On the field, the New York Yankees committed 61 errors this year. But one of the team's biggest errors was made, not by the players, but by the planners for the new stadium that the defending World Series champs call home. According to critics, the developers overestimated the parking revenue that it would generate.

For one thing, a neighboring mall offers cheaper parking and --after a newly built Yankees Stadium train station opened in May -- many fans travel to the stadium via public transportation.

read more.........

dailyfinance.com
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