New York City officials claimed Friday that their land appraisal for the new Yankee Stadium was accurate, while a House subcommittee chairman and a state assemblyman charged that the value of the land was artificially inflated to allow for the issuance of more bonds backed by payments in lieu of taxes.

The officials made their case at a hearing, the fourth on stadium financing and the second exclusively devoted to the Yankees' new ballpark, before the House Oversight subcommittee on domestic policy chaired by Rep. Dennis Kucinich. The Ohio Democrat contends that PILOT bonds should not be used for stadiums because these sports facilities benefit private parties more than the surrounding areas.

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