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Originally Posted by Beatle17
Watched this last night. Phoenix/Glendale is far from the worst for stadium costs. And John Oliver's comment about Yankee Stadium needs to be taken in context about the City giving them land and tax breaks to the tune of $100M dollars. Yes the city did give them breaks but the Yankees payroll and entertainment taxes are over $20M/year benefit to the City of New York alone. The Yankees were discussing building the new stadium in Jersey at the time so the city would have lost this money.
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The threat wasn't credible at all. The Yankees valuation is heavily tied to it being in New York City. The'll risk tens to hundreds of million dollars of gate revenues.