WEST SIDE STADIUM STORY BIG DEAL IN NYC NEWS COVERAGE

     Ticket sales, luxury suites and other revenues will not
raise enough money to pay for a $1B new stadium on the West Side
of Manhattan "without cutting deeply into the profits of the
Yankees or any other sports tenant," according to stadium
financing experts interviewed by the N.Y. TIMES' Richard
Sandomir.  Over $90M annually would be needed to pay off state
bonds that would finance construction, and raising that would
require average attendance of at least 40,000 for Yankee games,
65,000 for football if a team played there, and the sale of 120
to 220 luxury boxes costing up to $175,000 each.  But the Yankees
are the only permanent tenant and "crucial to the final decision"
would be how much of the Yankees cash flow team Owner George
Steinbrenner would be willing to give up.  If the facility is
pursued without enough financing from stadium revenues, officials
would have to consider using other revenue sources, but Sandomir
notes "some of the [possible] taxes would be politically
untenable" (N.Y. TIMES, 4/12).