NYC officials deny cooking books for Yankee Stadium at congressional hearing

Updated: October 26, 2008, 1:01 PM ET
Associated Press

WASHINGTON -- New York City officials told a congressional panel Friday that they didn't do anything improper in shepherding through $1.3 billion in financing for a new Yankee Stadium, but the assurances did little to mollify the congressman who is investigating the deal.

At issue was a six-fold increase in the city's assessed value of the land, to around $200 million. Rep. Dennis Kucinich, an Ohio Democrat, suggested the reason was to make it easier to get tax-exempt bonds to pay ...

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