A congressional panel has scheduled a hearing in Washington next week to determine whether appraisals of the Bronx property on which the new Yankee Stadium is being built were manipulated by the city.
Critics claim New York City inflated the property's value more than six times its actual worth to secure Internal Revenue Service approval of the city's plan to allow the $1.3-billion stadium to be constructed with tax-exempt bonds.
The city has said the appraisals were done by two different agencies, on dates about a month apart, using different criteria.
The land appraisals will be reviewed during an Oct. 24 hearing of the Domestic Policy Subcommittee of the House Oversight and Government Reform Committee. The subcommittee is chaired by Rep. Dennis Kucinich (D-Ohio).
Washington investigates Yankee Stadium appraisals