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No, wait, I apologize.  They didn't fix any of that.  It was all a dream.

The New York Yankees announced massive price reductions in specific seating areas.  Apparently, they were tired of having the same attendance figures as a .500 Triple-A minor league team as opposed to a .500 Major League Team, which according to Forbes was one of the most profitable teams last season.  As many sports commentators, fans, and bloggers noted, New Yankee Stadium had all the accoutrements of a ballpark except paying spectators.  U.S. Census Data puts the population of New York City at roughly 8.2 million people (data from 2006).  Taking into account a percentage of residents as non-Yankees fans, factor in another percentage of residents as non-baseball fans, and we are left with a workable amount of people willing to attend ball games.  

They all must have been on vacation.

That would explain all the empty seats at the Stadium.  But, wait; the economy!  Yes, that's it.  The poor economy must be a major cause of fans staying away from the ballpark.  Nice of the Yankees' brass to notice the nation hasn't had the best economic news for the past two years.  Maybe a Front Office staffer found this out by eavesdropping on a conversation between economics and business students from (pick any) Columbia-, Fordham-, Manhattan-, Yeshiva-, New York University, or SUNY Maritime  while riding on the Metro-North Line.  Amazing.  In a city which prides itself as the News Capital of the World, information takes a while to reach Stalag Yankees.

So, in an effort to hide the fact that the Yankees built a $1.3 billion fortress to house its current residents of pigeons, wind-strewn trash, and a team tied for the 19th-best record in baseball, ticket prices have been slashed.  As Matt previously posted, some premium ticket prices have been cut by as much as 50% from the original price.  However, I argue that's not enough!

News articles from various media outlets document that New York City taxpayers paid nearly 100% of the construction bill.

State and city taxes?  Bah!  Who needs them?

Since the Yankees have decided to accept nearly 100% of this taxpayer windfall and repay the City a paltry $30 million total over 40 years, I propose that Yankee Stadium tickets be discounted nearly 100% until the $1.3 billion has been repayed.  That may take some time, but, after all, the Yankees are one of the most profitable baseball teams out there, and last year's attendance figures approached 4 million fans.  This year, however, in six home games, the Yankees are averaging 44,500 tickets sold (attendance accounts for tickets sold, not actual people in the stands), which leads Major League Baseball.

Tax-exempt bonds, tax-free status on construction materials, plus the destruction of at least two city-owned and operated parks to make way for the Stadium have infuriated State and City leaders, not to mention the average fan of the game.  Although the Yankees have promised to pay for new parks to replace the demolished ones, construction had to be halted to allow extra time for removal of buried toxic waste from the new park sites.  That's nice.  However, three arms are better than two, right?

Sports fans from New York State (including Yankees fans) have been calling for this almost since the beginning.  And I want to let non-East Coasters know that New York residents statewide are furious that we are pandering to an industry and a team with a faulty understanding of non-baseball related economics.  As for the Mets and Citi Field, you're in the same boat.  It would be best to follow the Yankees' route.

Originally posted to MattYellingAtTheMoon on Wed Apr 29, 2009 at 12:18 PM PDT.

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Comment Preferences

  •  Tired of this class warfare.... (1+ / 0-)
    Recommended by:

    look there are those who make a lot of money.  God decided that they were the elect, anointed at birth  to be so blessed.  So they are used to making millions and they have to spend some of it.

    That's what hundred million dollar condos, and half million dollar cars were created for.  And that's why the old Yankee stadium had to go.  It's not that it was too old (Coliseum in Rome lasted a Millenium or two) but there weren't enough seats that could be sold for a couple thousand dollars.

    Are you with me?

    It's only right that part of the stimulus goes to those who expected to buy these tickets.  They should get vouchers for them from the treasury.  And we should all be happy knowing that we are getting back to normal, with the rich having the right to spend, and the poor having the right to watch them spend.

    O.K. Got it?

    •  I got it. (2+ / 0-)
      Recommended by:
      arodb, luckylizard

      Ha, I enjoyed reading that.  My parents have NY Jets season tickets and their new stadium opens in 2010.  There is a good chance they'll be forced to give the tickets up b/c the prices are of course going up.  

      They have nothing in their entire arsenal to break one man who refuses to be broken.

      by MattYellingAtTheMoon on Wed Apr 29, 2009 at 12:48:20 PM PDT

      [ Parent ]

  •  Publicly funded stadiums are ridiclously stupid (3+ / 0-)

    If you want a new stadium (presumably to increase your profits), pay for it yourself. Most of these owners are rolling in money. Hell, you can't even buy a pro sports team without having tens or hundreds of millions (or billions) of dollars to invest.

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