Quote:
Originally Posted by Mazrim
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Proof of what everyone against the deal has always suspected:
"Like the plan in Glendale, parking revenue around Yankee Stadium is supposed to cover the bond payments. But it is not working out that way.
Sitren said in her report the Yankees’ parking revenue is 40 per cent below projections. According to her, the Yankees could not even cover as much as $1.5-million of the annual $7-million in bond payments. And the company that handles the parking owes the city $17-million in back rent and taxes.
Considering the millions of fans the Yankees draw each season and that on a good night a Coyotes crowd might number 14,000, that is not a promising indicator for Glendale’s bonds."
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"It's not the size of the dog in the fight, but the fight in the dog!" ~ V.Lombardi
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