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Audit Shows Yankees Underpaid Rent to City

  YANKEE STADIUM CONSTRUCTION  
  BRONX COMMUNITY DISTRICT 04  
April 22, 2009
Crain's New York Business

City Comptroller William Thompson is releasing an audit which shows that the Yankees owe New York City $67,574 in back rent on their old stadium. Under the Yankees' rental agreement with the City, the team can deduct some maintenance costs from its rent, but Thompson's audit shows that the team made improper deductions including some payroll, security and stadium repair costs. The Yankees say they will pay the back rent. The Parks Department owned the old Yankee Stadium.