Feds Bail Out Citi Field Naming Rights

I know a contract is a contract but when you read this:

The Treasury also will invest another $20 billion in Citigroup on top of the $25 billion of taxpayer dollars already invested in the bank this fall.

and you read this:

Citigroup Inc. announced it will cut 53,000 jobs over the next few quarters. The cuts come in addition to the 23,000 jobs the bank already cut in October.

and then you read this:

The 20-year deal, announced two years ago, was reported to be a record $400 million and entailed naming the new stadium Citi Field after it opened in 2009 in the New York borough of Queens, adjacent to the team’s old home, Shea Stadium.

“There is no change in regard to Citi’s commitment to the new ballpark,” Mets spokesman Jay Horowitz said in an email.

don’t you get kind of angry?

It’s good to see taxpayer money being put to good use.

God forbid the stadium be called Shea or Willie Mays Stadium or Strawberry Field at Flushing Meadows. What’s really going to be annoying is when this stadium has a new name in 2 years.

One Reply to “Feds Bail Out Citi Field Naming Rights”

I (a Chicagoan), along with EVERY AMERICAN taxpayer, needs to pay nearly $3 to rename a ball park 1000 miles away, to advertise a bank which makes poor decisions!

And were going to loan them more than $300 each to continue making these decisions!

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