Stadium Plan Would Scuttle M.T.A. Hopes
The proposal to build a baseball stadium on the West Side of Manhattan would kill the Metropolitan Transportation Authority's longstanding plan to develop the site and generate millions of dollars for transit improvements. The M.T.A. owns the site, the railyard west of Penn Station. A consultant's report, praised by Mayor Rudolph W. Giuliani, estimated the cost of the stadium at $1 billion, but that figure includes no money for buying the site from the M.T.A.
