New York City to invest in the development around Citi Field

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I’ve not been to Citi Field, but I’ve flown in to LaGuardia a bunch and have seen the blight surrounding it. It’s a lot of junkyards and derelict warehouses and, presumably, is a wonderful place to stash dead bodies and stuff. But soon it will be shimmering with commerce, hotels and housing:

New York City Mayor Michael Bloomberg’s administration has announced an agreement with a group of developers that includes the owners of the New York Mets to clean up and develop a blighted neighborhood next to the team’s stadium.

The agreement was announced Thursday. It covers a 20-acre portion of Willets Point in Queens, where Citi Field is located.

The developers include the Mets owners themselves, via their company Sterling Equities. And it is estimated to be a $3 billion deal of some kind, presumably with a healthy municipal investment.

Just something else to remember the next time someone claims that a publicly-financed ballpark will spur local development. Sure it will. A decade later and only with a zillion dollars of more tax funds.

Yankees activate Gary Sanchez

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The Yankees have activated catcher Gary Sanchez from the 10-day disabled list. To clear a roster spot for him, the Yankees optioned Kyle Higashioka to Triple-A Scranton/Wilkes-Barre.

Sanchez missed close to a month with a strained groin. His return is more than just a comeback from an injury, however. It’s a chance to start the season over in a sense, with the hopes of putting his dreadful first half behind him. The Yankees catcher hit a horrible .190/.291/.433 with 14 home runs, 41 RBI, and 36 runs scored in 265 plate appearances before going down. He’ll look to get back on track against the Mets tonight.