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STUDY TO BE DONE ON POSSIBLE STADIUM SITES FOR YANKEES
Published October 19, 1995
New York City and state officials met yesterday with Yankees Owner George Steinbrenner and agreed to "carry out studies of three possible stadium sites for a new stadium," according to Vivian Toy of the N.Y. TIMES. The sites include two in the Bronx and one in Manhattan. Officials did not rule out keeping the team at their present site. Steinbrenner also agreed to pay 1/3 of expenses for the studies, estimated to cost as much as $600,000. Toy writes the "willingness to spend $200,000 is an indication that the Yankees want to stay" in New York (N.Y. TIMES, 10/19). The N.Y. POST reports the three sites are Van Cortlandt Park and Pelham Bay Park in the Bronx and the 34th St. rail yards, south of Javits Center, on the West Side. One source told the POST "interest is centered" on Manhattan (Christopher Policano, N.Y. POST, 10/19). In NEWSDAY, Steve Zipay examines how stadiums affect franchise values. FINANCIAL WORLD Editor Douglas McIntyre claims that if Steinbrenner "ever got his dream stadium, his team would be worth more than the Cowboys" (NEWSDAY, 10/19).