Go Back   HFBoards > NHL Eastern Conference > Metropolitan Division > New York Rangers
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2

Talk about subsidies...

Closed Thread
Thread Tools
12-06-2004, 03:02 PM
Registered User
Join Date: Feb 2002
Location: Brooklyn
Posts: 21,469
vCash: 500
Talk about subsidies...

we've often talked about the differences in having a team in the U.S. and Canada (U.S. gives breaks, Canada taxes the teams). Well, the Post outlined the Rangers' tax breaks which go back to the early 80s when Gulf + Western owned the team. Prior to the Devils coming to Jersey, the Rangers were threatened to move there - in the new, lovely Brendan Byrne Arena. To keep them there, the City gave the garden breaks on property taxes and electricity. The electricity bill that is subsidized is approximately $1 million per year - or in other words, it's implied that us U.S. Con Edison customers pay $0.33 each per year to have the Garden here. Additionally, they save $10-11 million in property taxes. It's not so bad doing business in New York.

Fletch is offline  
Closed Thread

Forum Jump


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -5. The time now is 01:55 PM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2015 All Rights Reserved.