Money | Did a public-funding deal for construction of the new Yankee Stadium violate federal tax regulations?
by Emily Belz
Posted 9/19/08, 12:00 am
WASHINGTON, D.C.-The new Yankee Stadium going up in New York City is a $1.3 billion project, funded in part by public money, but not just from the people of New York. Federal taxpayers, thanks to the Internal Revenue Service providing tax exemptions, are indirectly tossing some dimes in the hat through lost property-tax revenue.