Alexian/Taxpayer Field?

November 26th, 2008  |  by Brian Costin Published in Blog, Corporate Welfare, Taxes  |  1 Comment

With the taxpayer’s of Schaumburg funding millions of dollars for the local professional baseball team & stadium, we should at least recognize the taxpayer’s sacrifice in the renaming of the stadium to Alexian/Taxpayers Field.

In related news, this story from the Reason.com blog criticizes Citibank who has come to terms on a $400 million dollar naming rights agreement for the new NY Mets stadium, called Citi Field. So this is how Citigroup will be using the 20 billion dollar bailout with taxpayer money the Fed approved for them? Ridiculous!

In 2006, Citigroup signed a 20-year, $400 million contract to name the Mets’ new stadium in Queens Citi Field. As recently as last week, the troubled financial-services conglomerate said it had no intention of backing out of the deal for the new stadium — the replacement for Shea Stadium, which is being demolished.

Well now, with Citigroup getting a second multi-billion-dollar rescue from the federal government, two City Council members would like to see Uncle Sam get some credit.

The two councilman, Vincent M. Ignizio and James S. Oddo, both of Staten Island, called on Tuesday for the stadium to be renamed Citi/Taxpayer Field.

In the past Reason has pointed out, nearly every stadium’s name could be amended to include recognition of the contributions from long-suffering taxpayers.

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  1. Grayslake debt-free, Schaumburg $625 million to go | Schaumburg Freedom Coalition says:

    January 13th, 2009 at 12:50 AM (#)

    [...] reduction of government debt by privatization of the Schaumburg Convention Center & Hotel, Alexian Baseball Field, and the Schaumburg Airport which account for the lion’s share of the public debt in the [...]

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