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.

Cubs acquire Martín Maldonado from the Royals

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Last night Cubs catcher Willson Contreras was placed on the injured list with a strained muscle in his right foot. That injury inspired the Cubs to go out and get another catcher. They acquired Martín Maldonado in a trade with Kansas City in exchange for lefty Mike Montgomery, in a deal that was announced after the Cubs loss to the Reds.

Maldonado, 32, was a Gold Glove winner in 2017 with the Angels. At the moment he’s hitting .227 with six homers and 17 RBIs in 74 games. Obviously, though, defense is his calling card, as he’s a .220 career hitter with 57 homers and 210 RBIs in 686 games.

Montgomery, 30, is 1-2 with a 5.67 ERA in 20 relief appearances for the Cubs this year. He’s heading back to where his pro career began. He was drafted by Kanas City in 2008, though he was traded away in the James Shields/Wade David/Wil Myers deal in 2012. He made his big league debut for Seattle in 2015. Dayton Moore said last night that the Royals plan to use Montgomery in the rotation as a replacement for Homer Bailey, who was dealt to Oakland on Sunday.