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Man learns casino losses not deductible
NEW YORK, Aug. 11 (UPI) -- Fans of New York's pro football teams, the Jets and the Giants, say they are going to extremes to pay a new fee to give them the right to buy season tickets.
Giants fan John Costantini said he and his family are dipping into retirement funds and taking out bank loans to afford the family's $80,000 "personal seats license" fee, which was adopted by the two teams to help pay for the $1.6 billion in construction needed for the new stadium the teams are scheduled to begin sharing in 2010, the New York Post reported Monday.
The fees come in addition to the prices of regular season tickets.
PSL prices for Jets games have not yet been announced, but the Giants PSLs are selling for between $1,000 and $20,000 per seat.
Costantini said his family is being required to pay $20,000 for each of their four midfield seats three rows behind the Giants bench.
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