While the identity of a potential team owner of the 20th MLS team remains under wraps, it is widely expected to be a big name who can help bankroll the 25,000-seat venue in Flushing Meadows Corona Park.
The stadium is considered a legacy project for the Bloomberg administration, which has outlined terms of a prospective deal: a 35-year, $1-a-year lease, with no sales taxes on construction materials, no property taxes and no revenue sharing with the city. The plan also requires an agreement to share parking lots with Citi Field. Events at the new soccer stadium would be scheduled to avoid conflicts with Mets home games and U.S. Open tennis.
Sounds like a pretty sweet deal for Major League Soccer. What are the benefits for us taxpayers?