YANKEE STADIUM AREA CHOSEN AS EMPOWERMENT ZONE

12.22.1994

     The area around Yankee Stadium was included as part of one
of six "empowerment zones" across the country that will receive a
$100M federal development grant for neighborhood improvement.
Officials hope the grant, along with tax breaks, will lure
business to the area and create economic development.  Both the
city and state have agreed to match the funding (Christopher
Policiano, N.Y. POST, 12/22).

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