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Yankees overestimate demand for pricey seats

It's a sign of the times: the New York Yankees, who just opened a cathedral of baseball, the $1.5 billion new Yankee Stadium, have underestimated the impact of the U.S. recession on sports/entertainment/leisure spending.

About 1,800 high-priced seats -- with prices up to $2,625 for each game -- have not sold. Imagine that. The Yankees began the inaugural season at their new home in the Bronx, located across the street from The House That Ruth Built, by increasing ticket prices anywhere from 5 to 50% per seat.

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Part shrine, part palace -- New Yankee Stadium opens Thursday

The New York Yankees, the greatest and most storied professional, sports franchise in human history, open the New Yankee Stadium in two days.

Actually, the first, regular season home game isn't until April 16, but the ballclub will open the doors to their new palace on Thursday at 1:30 p.m. for a paid-attendance, afternoon workout and two exhibition games Friday night and Saturday afternoon, before starting the regular season on the road next week.

Continue reading Part shrine, part palace -- New Yankee Stadium opens Thursday

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Last updated: May 27, 2012: 05:26 AM

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