Congress Probes How New Sports Stadiums Turn Public Money into Private Profit

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Democracy Now!

July 30, 2008

Field of Schemes: Congress Probes How New Sports Stadiums Turn Public Money into Private Profit

A congressional committee is investigating whether New York City and the New York Yankees wildly inflated the value of the site for the team’s new stadium to float nearly $1 billion in tax-free bonds.

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transcript

Guests:

Rep. Dennis Kucinich, chair of the Domestic Policy Subcommittee of the House Oversight and Government Reform Committee

Bettina Damiani, Project Director of Good Jobs New York

Neil deMause, Author of Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit. His website is Field of Schemes

see

Ralph Nader: New York Yankees Stadium Funding