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Yankees seeking more public financing to build new stadium

Updated: June 11, 2008, 9:43 PM ET
Associated Press

ALBANY, N.Y. -- New York City officials confirmed Wednesday that the New York Yankees may be interested in seeking more public financing to build their new stadium, pending a regulation change by the IRS.

The team stressed, however, that its bid to change the Internal Revenue Service regulation wasn't going to affect the completion of the new Bronx stadium.

"The effort on the completion bonds will not affect the completion of the stadium," team president Randy Levine said. "We are ...

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