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April 16, 2005

The New DeathStar

Limestone walls rising like a fortress, standing sentinel in refurbished parkland. It's the view Babe Ruth had when he went to work in the house they built for him.
On the inside, a mix of modernity and antiquity has officials from City Hall, Albany and the Bronx gushing: the old frieze hanging from the roof like copper lace, bullpens back in the outfield where they used to be, but with open concourses (with six times the space for concession sales) and sight lines to the field from almost anywhere in the park.

Posted by TC at April 16, 2005 11:56 AM

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I want to see the financial details on this pup. Annual debt service vs. money saved on the current stadium lease plus additional revenue that the new ballpark will bring in. Will the Yanks all of a sudden find their ability to spend $200 million on a team constrained? Say it ain't so and that they'll be able to splurge for $300 million just in time for Johan Santana, Ben Sheets, and Oliver Perez to come on the market and form the most potent pitching staff this side of the A's recent staffs.

Perhaps more importantly, Yankee Stadium is the St. Patrick's of sports, maybe even the Mt. Olympus, home of the gods. A true monument. It'll be a shame to see it pass.

Posted by: Jon at April 16, 2005 01:07 PM

Jeez, you sound like a grandma walking in on a circle jerk.

Your questions answered, in order:

First, forget the lease agreement. The city will let DBG off the hook in trade for BossBucks invested in the project. With all the storm going on about the Jets and the West Side stadium, DBG is gonna look all kinda white knight on this one.

1)No. The only existing entity in the US who can seemingly at will generate more dollars than the Yankees franchise is the Department of the Treasury, but Boss can actually cover the vig and the nut. With the YES TV network alone, Boss makes more moola than most MLB teams. Morgan Stanley and their brethren will be beating each other senseless to offer Steinbrenner any financing help he may require. Just imagine how many dollars those lux boxes are gonna cost...hell, they'll pay the concrete bill all by themselves.

2)Yes, Skippy, DBG will ALWAYS have enough dough to go after whoever catches his fancy in the free agent arena. The amount of money the Yanks make AWAY from the usual revenue streams of MLB teams is just bloody staggering.

3)The "old" Stadium won't be getting torn down or anything like that. It's gonna be turned over to the city, in a matter of speaking.

See this.

Posted by: TC at April 16, 2005 06:26 PM

This makes me want to consider the possibility of moving back to NYC.

Posted by: h0mi at April 16, 2005 09:28 PM

h0mi: just don't go Manhattan. C'mon out here to Staten Island. What I pay for a four bedroom house with a 80×36 yard buys a renter a one bedroom, 600square fourth floor walkup in that lunatic asylum.

Posted by: TC at April 16, 2005 09:39 PM