The outlook on $695.4 million of debt issued to build the New York Mets’ Citi Field was cut to negative by Standard & Poor’s after the team’s third straight losing season and falling attendance.

Last night I was thinking that even if Fred gave the Mets to me I’d be afraid to take on all the potential responsibilities. That may be silly thinking on my part but all I read seems doom, gloom, and really big numbers.

I have no idea what the way out is, but I’m increasingly thinking of 1977, although the 2012 team has much more talent.

Continue reading Report: Mets’ Stadium Rating Outlook Cut to Negative by Standard & Poor’s

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