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The Insane Mets Posse hanging it up on the FDR pedestrian bridge, Dave on 7th notes…
Two years ago, when the country's financial health was superficially strong, the Mets-Citigroup naming rights deal -- a record-cracking $20 million for 20 years to call the new ballpark Citi Field -- wasn't just gaudy, it was downright obscene.
Now, with Citi laying off thousands while reaching for billions in government bailout money, and with Citi's clients having taken a brutal beating, the declaration by the two parties that the ballpark naming deal will proceed as agreed upon is nauseating.
Two years ago, the $400 million deal to call the Mets' new stadium Citi Field was nothing better than an irresponsible vanity buy, one rooted less in advertising than in mad money beyond Madison Ave.
Today, that the deal will be sustained is no different than a welfare mother spending her family's subsistence money on booze, bracelets and the down payment on a brand new BMW.
If you're a typical sports fan -- you know, the kind who worries about gas prices, tuition and the trade deadline -- New York's new stadiums might look as if they belong behind a boutique window.
In the Bronx looms the skeleton of Yankee Stadium 2.0, a coliseum with half as many bleacher seats as its predecessor but more than three times the luxury boxes. In Queens, the Mets traded Shea's 20,420-seat hull of an upper deck for Citi Field and its 54 suites, burnished by leases priced firmly in the six figures.
The Ziegfeld Theatre was a Broadway theatre formerly located at the intersection of Sixth Avenue and 54th Street in Manhattan, New York City. It was built in 1927 and razed in 1966. The theatre was named for Florenz Ziegfeld, who built the theatre with financial backing from William Randolph Hearst.
The 'new' Zeigfeld Theater, built just a few hundred feet from the original Ziegfeld theater, opened in December 1969 and the movie house was one of the last big palaces built in the United States.
The theater features 1,169 seats, with 863 seats in the front section and 306 seats in the raised balcony section in the rear. The interior is decorated with sumptous red carpeting and abundant gold trim.
The Ziegfeld is, arguably, the last movie palace still showing films in Manhattan