The MTA will be the first entity to refuse to refer to the new Mets stadium as "Citi Field." The subway authority refuses to spend its own money rebranding the station with a corporate name — so it'll be known as "Mets/Willets Point." Hey, that's better than "Bailout Park." [Gothamist]
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"Spend its own money rebranding a stadium?"
Do people understand that the top 9 banks were forced to take TARP money? That they can't give it back even if they want to? That banks are rushing to the Fed to have their TARP applications pulled out of cue? Or are we just collectively ignoring that in the name of being sensational?
HIV 2 Elway Resurrected: I think you misread. The subway authority didn't want to spend its own money rebranding a station. The MTA didn't want to spend its own money changing the name on the map for every train and station map when it was already clear that X station is the location of the Mets' stadium, no matter what its name was. It was hoping for some help on that front, but no dice.
The MTA is still changing all of the signage. The old station name read Willets Point/Shea Stadium. Since good ole Shea doesn't exist anymore, they have to redo everything regardless. Instead of Citi Field/Willets Point, they chose to say Mets/Willets Point because Citi did not give any money to the MTA.
@HIV 2 Elway Resurrected: Dunno if the banks were forced to take the money or not, but if they didn't what kind of trouble would they be in. I mean, jeez, Citigroup was trading at $1.00 a share last week!
Also, the only reason banks want to be pulled from the queue for bailout money is because they are starting to see that taxpayers are UPSET that they are continuing to spend money irresponsibly.
The only reason they applied for the money in the first place was because they thought they weren't going to justify how they were spending it. Now that they know... they don't' want it because they don't want to become financially responsible.
REMEMBER, these are the people who 'work hard and make the money' and the rest of us who don't get bailout money are just trying to get our grubby hands on their money.
@idip: As a sidenote to these companies and people who think they deserve all the money in the world, just because i don't make 6 figures a year does not mean I dont' work HARD for my money, the little that i get paid, and i don't work hard at school.
If we're giving you (the hard workers) then you're sure as hell going to account for every dime you spend.
@ dave: "Instead of Citi Field/Willets Point, they chose to say Mets/Willets Point because Citi did not give any money to the MTA."
No, they chose Mets/Willets because that way they won't need to re-name it AGAIN when the name of the stadium inevitably changes to something else. This is good policy, not only to save the cost of changing signage, etc., but to avoid confusing people by changing the name of a station every few years.
Reminds me of when the DC Metro refused to pay for renaming the National Airport station and redo all the maps to Reagan Airport due to the cost. Congress eventually passed a bill forcing them to do it, unfunded of course.
@LaurelZinnikas: Oh yes, if only they'd apply that kind of sensible policy to the actual stadium. This trend of yearly name changes makes me glad I'm not a sports fan, though I dread the day it starts to spread to other places (street names, national parks, cemetaries).










I kinda like Bailout Park. It's a shiny steel and concrete reminder of a time in which people had the money to do things other than cry on their couches and obsessively monitor their 401k or stuff whatever little money they have left inside their mattress.