Posts Tagged ‘grand slam single’

Baseball Nostalgia

It is currently an interesting time to be a New York baseball fan. Both the Mets and Yankees are in their opening seasons of heavily subsidized new stadiums. A common complaint about both of these stadiums is that the seat and food prices are too expensive and—unlike in past times—it is no longer feasible for middle class families to go to games multiple times per year. Wallace Matthews of Newsday critiques the owners for running the teams “as if they were hedge funds.”

I’m moderately sympathetic to this argument. I, for one, do not support using taxpayer money to fund the stadiums of two very profitable organizations. “The Yankees got $1.2 billion in tax-exempt bonds and $136 million in taxable bonds; the Mets got $697 million in tax-free bonds” to build their new stadiums according to Sports Illustrated. But, the Mets and the Yankees are not to blame; they are in business to make profit, so if the government is going to throw money their way, then it doesn’t surprise me that they take it. Ideally, I’d love them to be honorable and not take the funding, but that is too much to expect. The government, on the other hand, has the power to stop disbursing these bonds; the onus is on them to stop giving billions of dollars to already profitable organizations. Accordingly, I have trouble accepting the argument that because Citi Field and the new Yankee Stadium are subsidized, they somehow owe the fans—the taxpayers—affordable ticket prices.
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