ALBANY, N.Y. (AP) -State Assemblyman Richard Brodsky said he will issue a report Tuesday finding that New York City manipulated the assessed value of Yankee Stadium to get an Internal Revenue Service tax exemption.
Brodsky has questioned the Yankees’ request to subsidize the stadium with $336 million in public funds issued by the city’s Industrial Development Agency.
Brodsky, the chairman of the Assembly committee on corporations, commissions and authorities, says the report found many problems with the project.
The report is based on a review of thousands of pages of documents and sworn testimony and meetings from city officials.
Calls to Yankees president Randy Levine’s office and the IDA weren’t immediately returned.
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On the Net: http://newyork.yankees.mlb.com/nyy/ballpark/new-stadium.jsp
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