Did Nyc Officials Deliberately Inflate Land Value?

Did Nyc Officials Deliberately Inflate Land Value?

Did NYC Officials Deliberately Inflate Land Value of New Yankee Stadium to Turn Public Money into Private Profit?

In his latest column in the New York Daily News, Democracy Now! co-host Juan Gonzalez writes, "In January 2007, the city assessed land under the new Yankee Stadium at 10 times the market value of virtually all other land in the South Bronx neighborhood. The assessment-not including the new ballpark-worked out to a fair market value of $275 per square foot. But a Daily News analysis of city property records shows that city assessors said land on a dozen blocks around the site was worth an average of less than $25 a square foot."
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