Steinbrenner's Tax Shelter

Ozanian, Michael K.; Kump, Lesley
May 2006
Forbes Asia;5/8/2006, Vol. 2 Issue 8, p52
The article focuses on the use of a stadium being developed by the New York Yankees baseball team in Bronx which is expected to be opened in the 2009 season as a tax shelter. The city will receive $55 million a year from the team in lieu of certain taxes and to pay off bonds. The team will be able to save $7.8 million in revenue-sharing taxes. It is expected that the stadium will increase the revenue of the team by $45 million a year.


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