Your tax dollars at work, New Yorkers:The Yankees and hundreds of their VIPs will get free valet parking for the next 40 years, courtesy of New York taxpayers. The startling revelation of yet another subsidy for the richest team in baseball is buried deep in the fine print of a $237 million tax-exempt bond offering that city officials quietly issued the week before Christmas.
The Yankees are quick to crow about the $800M they're putting up to build their new ballpark -- and that is a lot as these things usually go -- but the private portion of the total cost seems to get smaller and smaller each day.
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