The ailing Citigroup is being fairly targeted for their spendthrift ways.
In 2006, Citigroup signed a 20-year, $400 million contract to name the Metsâ€™ new stadium in Queens Citi Field. As recently as last week, the troubled financial-services conglomerate said it had no intention of backing out of the deal for the new stadium â€” the replacement for Shea Stadium, which is being demolished.
Well now, with Citigroup getting a second multi-billion-dollar rescue from the federal government, two City Council members would like to see Uncle Sam get some credit.
The two councilman, Vincent M. Ignizio and James S. Oddo, both of Staten Island, called on Tuesday for the stadium to be renamed Citi/Taxpayer Field. The two men will soon be the only Republicans on the 51-member Council; the only other Republican, Anthony Como of Queens, was recently defeated in a special election.
My question…why not just “Taxpayer Field” since Citigroup wouldn’t exist anymore without us?
By the way, the Mets declined to comment about this when asked what they thought. Perhaps they like the idea? :-)
This entry was posted on Thursday, November 27th, 2008 and is filed under Bad Decisions, Economy, Good Decisions, Money, New York, Sports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.