Thursday, June 29, 2017

Quick Hit: New Yankee Stadium Community Benefits Fund and Shady Dealings

There’s be’s some shady dealings going on here in the Bronx and I don’t likes it. In all seriousness though and as close to grammatically correct as I can get there really are some shady dealings apparently happening and being exposed when it comes to the “New Yankee Stadium Community Benefits Fund.” The Yankees created this charity after the organization caught heat for taking public park land to build the new Yankee Stadium in the Bronx with the promise of the team distributing millions of dollars in grants, sports equipment and tickets to the local community organizations in the Bronx. Apparently that isn’t what is happening in all reality.

The New York Times released a report this week stating that this fund has been lacking oversight since its creation and the money has not been distributed where it should be going. The word “corruption” wasn’t used but if it looks like a duck and it sounds like a duck… it’s corruption.

Between the years of 2008 and 2015 only 30% of the funding from the program has gone to an organization which is in the same ZIP code as Yankee Stadium or its four bordering zip codes. Instead the money has been allocated to wealthier and less affected areas of the Bronx.

This has nothing to do with the team really. The team itself and owner Hal Steinbrenner probably have little to nothing to do with the fund as it was merely a legal obligation for getting the stadium built but still. This looks terrible on the team and the organization, especially when almost 40% of the people living in the same zip code of the Bronx as the stadium resides in are under the poverty line. That money, if it went where it was intended, could do some real good in the Bronx and its surrounding areas.

Maybe something like this will make the money be allocated where it is supposed to go. One can only hope anyway. 

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Sorry for the Capatcha... Blame the Russians :)