Yankee Stadium deal criticized by lawmakers

The New Yankee Stadium, originally uploaded by tonylimo.

Taken on Sept.17, 2008
A congressional panel has taken tough swings at the New York Yankees and New York City government over a new stadium for the Yankees. But neither the team nor the city budged from their positions on the $1.3 billion structure.
Rep. Dennis Kucinich said Thursday he found "waste and abuse of public dollars" in the financing of the new stadium under construction in the South Bronx.
Kucinich is an Ohio Democrat who heads the House Oversight and Government Reform Committee. He charged that city officials misrepresented to the IRS the value of the property, helping them to get special tax deals from the federal government and in effect dumping the cost of construction onto taxpayers. No one from the either the city or the Yankees spoke at the hearing.