NYC Industrial Development Agency
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Anybody Interested in Tearing Down a Couple of Yankee Stadium Garages?
Another attempt to salvage something positive from the Yankee Stadium parking boondoggle is underway. The company that operates the garages, having defaulted on hundreds of millions in triple-tax exempt bonds, has issued a request for proposals for the sublease and redevelopment of two lots.
July 12, 2013
For Bloomberg, No Lessons Learned From Yankee Parking Subsidies
If Mayor Bloomberg regrets his administration's involvement in the Yankee Stadium parking disaster, he's not letting on.
October 18, 2012
Yankee Stadium Parking Garages “Almost Certainly” Coming Down
How long now before the Yankee Stadium parking fiasco becomes an unpleasant memory?
August 30, 2012
The House That EDC Built: A 9,000-Car Complex With 8,930 Empty Spaces
In case you're just tuning in, all that taxpayer-subsidized parking built for the new Yankee Stadium has failed beyond anyone's wildest expectations.
February 3, 2012
Replacement For Yankee Stadium Parking Will Still Have to Pay The Bills
As the operator of the taxpayer-financed Yankee Stadium parking garages heads toward default, there's no longer any question that providing so much parking in such a transit-rich location was a mistake on the scale of Carl Pavano's contract. The decision to give up $2.5 million in city taxes and $5 million in state revenue has proven a poor investment indeed. The question, at this point, is what comes next.
March 17, 2011
NYCEDC’s Yankee Stadium Parking Debacle: Who Woulda Thought?
In news that should surprise no one, the taxpayer-financed Yankee Stadium parking garages have been declared an unmitigated disaster.
March 15, 2011
Yankee Stadium Parking Boondoggle Getting Worse Every Day
The subsidy for the new Yankee Stadium's 9,000 parking spaces keeps turning into a worse deal for New York City taxpayers. Juan Gonzalez reports in the Daily News that the garage operator is deep in the red, even after last year's extended championship season:
June 16, 2010
The Bronx Is Burning Over Subsidized Stadium Parking
The people of the South Bronx will organize against the subsidized construction of parking garages for the new Yankee Stadium, one resident said yesterday.
September 7, 2007
Bronx Boro Prez Issues Protest at Yankees Parking Hearing
This morning a representative of Bronx Borough President Adolfo Carrion, Jr., read a statement of protest ahead of an expected Tuesday vote on the city's deal with the Yankees to subsidize the construction of three parking garages.
September 6, 2007
Take Me Out to the Yankees Parking Subsidy Hearing
As Streetsblog reported back in April, the city is set to subsidize thousands of parking spaces for the new Yankee Stadium by issuing hundreds of millions in tax-exempt bonds for parking deck construction.
September 5, 2007