March 8, 2012

Historic Scam

I thought Fenway getting an historic designation would hurt the ownership. I was wrong:

The Red Sox [team stats] are closer to scoring $40 million in federal tax credits now that century-old Fenway Park [map] has joined the National Register of Historic Places.

“We are pleased that Fenway Park will be counted among America’s most treasured historical places, ensuring that it is protected and enjoyed by future generations,” the team said in a statement yesterday.

So all the non Red Sox fans in New York and Philadelphia and Colorado and everywhere can feel good about helping pay for the Red Sox renovations of their park.

4 thoughts on “Historic Scam

  1. pft

    Sounds like a scam to me. The work was done before it received historical designation, and the work was mainly to increase seating capacity by 5000 to increase revenue.

    I wonder how much of this 80 million is earmarked for Liverpools new stadium.

    In any event, the Red Sox should have plenty of money to acquire missing pieces before the trading deadline.

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  2. COD

    If the custard stand in my town can get designated a National Historic Place, Fenway doesn’t seem like much of a stretch.

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  3. rbj

    Shame that Ford Motor Company closed down its manufacturing plant in Mahwah, NJ before it got NRHP designation.

    ““It’s basically reimbursing us for some of the money we’ve spent,” said Sox spokeswoman Zineb Curran.”

    So it’s not even giving them tax credits for preserving an old building. It’s giving them tax credits for altering an old building.

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