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.

Mitch Moreland signs one-year, $3 million deal with Red Sox

Mitch Moreland
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First baseman Mitch Moreland is back with the Red Sox. The Athletic’s Ken Rosenthal reports that the veteran has inked a one-year, $3 million to remain in Boston. The contract calls for a $2.5 million salary for 2020 and includes a 2021 club option worth $3 million with a $500,000 buyout.

Moreland has spent the past three seasons with the Red Sox. Last year, he hit .252/.328/.507 with 19 home runs and 58 RBI over 335 plate appearances. He mostly faced right-handed pitching, platooning at first base with Michael Chavis, Sam Travis, and Steve Pearce.

Moreland will once again platoon at first base with Chavis. Chavis also played second and third base last year, so he could find time at those positions when Moreland is in the starting lineup.