Yankees got nearly $500 million in federal tax subsidies

Yankees got nearly $500 million in federal tax subsidies:

No offense Yankees fans but this is just another reason to hate the Yankees.

Think about it. Red Sox fans helped pay for the Yankee’s new stadium.

(From The Washington Examiner)

Federal taxpayers subsidized the construction of the new Yankees Stadium to the tune of nearly half a billion dollars, according to a new study released Thursday.

The report, published by the nonprofit Brookings Institution, found that the New York Yankees, currently the fourth-place team in the American League East division, benefited from $492 billion in federal tax breaks for the loans used to build their stadium.

Click here for the article.


“Yankees got nearly $500 million in federal tax subsidies.” Joseph Lawler, WashingtonExaminer.com, 2016-09-08.

H/t reader kevin a.

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