City Field

citifieldBailout recipient Citibank purchased the naming rights to the Mets’ new yard for something along the lines of $400 milion, which I presume is the standard price for such a thing these days.

Then again, considering the citizens of New York are already putting in $260 million of their own money into the construction of this park, on top of bailing out Citibank to the tune of $25 billion or so, Field of Schemes suggests a more appropriate name would be CITY Field.

Considering Citibank is now getting that much more of my money — first the taxpayer-funded bailout, and now they’re doubling my credit card interest rates as part of an overall rate increase — perhaps I can stake my claim to the new park. While my contribution to keep Citibank afloat may not be enough to slap my name on a sign in front of the stadium, there has to be something I can claim! I’ll make my case for free Dodgers/Mets tickets next time I’m on the phone with a Citibank CSR.

Thank goodness Seattle’s taxpayers had the sense to send the Sonics packing when they came begging for public money. I only hope Portland will do the same, now that Merritt Paulson — yes, son of Hank Paulson — is begging its taxpayers to hand over $40 million to replace perfectly functional PGE Park.

3 Responses to “City Field”

  1. night owl Says:

    I love baseball as much as the next guy, but stadiums should NOT be publicly funded. I was hoping people were starting to see the light on this, but maybe not.

  2. freeandylaroche Says:

    Some cities for sure have long track records of saying no to rich billionaires asking for handouts. That’s precisely the reason LA still doesn’t have a football team. If you can afford the NFL’s $600 million franchise fee, you can afford another $300 million for a stadium.

  3. The House that Bloomberg Built « Free Andy LaRoche Says:

    [...] guess if you’re indirectly receiving $400 million in federal bailout money, you’d be doing just fine [...]

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