WASHINGTON - Questions over whether inflated land values were used by New York City in its pursuit of tax-exempt bonds for the new Yankee Stadium could imperil the bonds' tax-exempt status, witnesses suggested at a hearing here yesterday. But the agency that issued the bonds said the city used standard procedures in its assessments and attributed the differences to different assumptions used in relation to different purposes for the assessments.

"If the city properly assessed the value of the stadium site and the stadium itself, most likely either a smaller stadium would have been built or the Yankees would have been forced to contribute a larger share of the costs," Ohio Democratic congressman Dennis Kucinich said. "This subcommittee's still ongoing investigation has uncovered substantial evidence of improprieties and possible fraud by the financial architects of the new Yankee Stadium."

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