Yankee Ticket Prices and Fossil Fuels
Friday, den 11. April 2008Reposted with permission; by Jim Hansen, Director, NASA Goddard Institute for Space Studies
When I was young, Yankee Stadium had ~70,000 seats. It seldom sold out, and almost any kid could afford the cheap seats. Capacity was reduced to ~57,000 when the stadium was remodeled in the 1970s. Most games sell out now, and prices have gone up.
The new stadium, opening next year, will reduce seating further, to ~51,800. This intentional contraction is aimed at guaranteeing sellouts, increasing demand, allowing the owners, in pretty short order, to hike prices to double, triple, and more. The owners know that scarcity will fatten their wallets, even though it reduces the number of sales. This is more than a bit distasteful, as it discriminates against the lower middle class. Nevertheless, it should be a great stadium and as long as the owner is footing the bill without public subsidies for the stadium itself, we may have little grounds for complaint.
The reason that I draw your attention to this practice is that fossil fuel moguls are intent on hoodwinking the entire planet with an analogous scheme. (more…)

