Petitioner, New York Yankees, Inc., as lessee, sues to have the court review the real estate tax assessments on the Yankee Stadium for the seven tax years 1965/1966 through 1971/1972. The total assessment for each of these years was $5,000,000.
The land is owned in fee by the Knights of Columbus, a fraternal organization, and the stadium is owned by Rice University. Neither owner...
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