NACORE luncheon examines Yankee Stadium debate. (National Association of Corporate Real Estate Executives discusses controversial move to relocate Yankee Stadium to Manhattan, New York, NY) Real Estate Weekly | July 29, 1998 | COPYRIGHT 1998 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

The June meeting of NACORE New York City Chapter featured Bronx Borough President Fernando Ferrer, and the surprise appearance of developer Abe Hirschfeld, both of whom discussed the volatile topic of moving Yankee Stadium to Manhattan using public funds.

According to the speakers, a new stadium in Manhattan would ultimately cost the taxpayers of New York City well over a billion dollars, with little hope of any real financial return on investment. Unfortunately, no representative from either the Mayor's Office or from the Yankees' organization was present to refute or ...

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