NYC Government Publication
Audit Report on the Compliance of Staten Island Minor League Holdings, LLC (Staten Island Yankees) With Their Lease Agreement (FN07-088A)
An audit report was filed on June 18, 2007 on the compliance of Staten Island League Holdings LLC (Staten Island Yankees) with their lease agreement for the period January 1, 2005 to October 31, 2006. On December 7, 2000 the Staten Island Yankees and the New York City Economic Development Corporation (EDC) entered a 20-year lease which grants the Staten Island Yankees the exclusive right for the use and operation of the Richmond County Bank Ballpark in Staten Island. In return the SI Yankees are to pay EDC base rent fees, portions of revenue, and annual funds as well as submit reports to them regarding income and attendance at the stadium. It was determined that the SI Yankees adhered to certain non-revenue-related requirements of the agreement and paid some of their required fees. However, the SI Yankees still owed EDC a total of $1,581,154 for other fees not paid. Recommendations were made to rectify these issues.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2007-06-18
Items
| Thumbnail | Title | Date Uploaded | Actions |
|---|---|---|---|
|
4753_AUDIT_REPORT_ON_THE_COMPLIANCE_OF_STATEN_ISLAND_MINOR_LEAGUE_HOLDINGS__L_L_C___STATEN_ISLAND_YANKEES__WITH_THEIR_LEASE_AGREEMENT.pdf | 2020-05-08 | Download |