Bloomie’s fuzzy math on stadiums (Metro NY)

It’s been a while since I’ve had an excuse to do a new tally of the public costs of the Yankees and Mets deals, so I was pleased to see New York Mayor Mike Bloomberg put his foot in his mouth about the stadiums last week:

On his weekly radio show Friday, Mayor Bloomberg was asked why the city was subsidizing stadiums for the Mets and Yankees. His response: “The city and the state, to my recollection, each put in $75 million” for each new stadium — a mere fraction of the total cost. “It was a really good deal,” he added.

For a data-crazed mayor, Bloomberg can be awfully loose with his numbers… [read more]

I’ve also put up a new spreadsheet of the public/private cost calculations underlying this article, for those interested.