Good Jobs New York

Total: $400.35 million

[1] NY City Council Report of the Finance Division, The Financing of the Proposed Infrastructure Plan of the Yankees, p. 13.

[2] Ibid p. 17

[3] $4.7+$1.7 (PV of $8.5 million in 30 years). Memorandum of Understanding (MOU) p.8, ESDC General Project Plan.

[4] Independent Budget Office testimony, Finance Committee hearing, April 10, 2006.

[5] Ibid

[6] Yankee Stadium Memorandum of Understanding (MOU).

[7] IBO testimony

[8] MOU, ESDC GPP

[9] Ibid.

[10] IBO testimony, p. 5

[11] Ibid.

[12] IBO testimony, p.3

City Subsidies	(in millions, all figures are in present value)
Land/Infrastructure	$138.6[1]
Additional capital funds	$11.16[2]
Maintenance funds	$6.4[3]
Forgone property taxes	$83.8[4]
Forgone sales taxes	$10.5[5]
Rent rebates	$13.49[6]
Forgone mortgage recording tax	?
Tax-exempt bonds (income tax exemption on bond interest)	$2.2[7]
State Subsidies
Garage construction/infra.	$70[8]
Maintenance funds	$4.7[9]
Forgone sales taxes	$11.4[10]
Forgone mortgage recording tax	?
Tax-exempt bonds (income tax exemption on bond interest)	$4.1[11]
Federal Subsidies
Tax-exempt bonds (income tax exemption on bond interest)	$44[12]