Updated 05/12/2009 04:18 PM
Stadium Auction Scores $11.5 Million For City
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Mayor Michael Bloomberg says a deal to auction off memorabilia from the old Yankee Stadium will bring in millions for the city's general fund.
City-owned items like stadium seats, bleachers and players' lockers are expected to bring in millions when they are auctioned off.
"We're talking about making available pairs of seats, commemorative seats, seat backs, seats from the bleachers, foul poles," says Yankees chief operating officer Lonn Trost.
Other unexpected sale items include the sign to the stadium's men's room, potted stadium sod and a door that bears the markings of team captain Derek Jeter's bat.
City-owned and Yankees-owned memorabilia from the stadium will be auctioned exclusively through Yankees-Steiner Collectibles, with the city getting $11.5 million in exchange for allowing the auction to take place.
The $11.5 million will go to the city's general fund.
In return, the Yankees will pay for the removing the seats, but keep the extra profits. The sale of the stadium's 20,000 seats alone are estimated to bring in $30 million.
Assemblyman Richard Brodsky, a frequent critic of the city when it comes to Yankee Stadium, says the city got short-changed.
"The city spent the money to build this stuff and pay for it, and I haven't any idea, when that stuff is worth easily between $50 million and $100 million, [why] the city should take only $11.5 million and walk away," said Brodsky.
Those involved with the sale said that the city readily made the deal.
"I say that [Brodsky] continues to grandstand, that he has an agenda that we don't know what it is," said Trost. "We hope his constituency likes what he's doing, because they're paying for it."
"The deal we did was really a deal that the city wanted to do," said Brandon Steiner of Yankees Steiner Collectibles. "So it was a lot of negotiations and talks but the deal we got is a deal the city wanted and we know that they're happy. Overall, we're really ecstatic that the city trusted us."
A Yankees spokesman said that some proceeds may also be donated to the Yankee foundation.
The city has already collected $3.5 million from the sale of Shea Stadium memorabilia.
Bidding on all the items lasts through July. For more information on the auction items, visit www.steinersports.com, or call 1-800-759-SCORE and 1-914-307-1000.