NYCEDC
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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
Shady Dealings Drive EDC Subsidies for Moisha’s Supermarket Parking Lot
Wondering why the city is subsidizing 18,000 square feet of parking for a project that's supposed to make fresh food more accessible to low-income New Yorkers? Political favors seem to have something to do with it.
February 10, 2011
EDC-Backed Supermarket to Build More Space for Parking Than Groceries
Thanks to New York City's Economic Development Corporation, the residents of Midwood are about to enjoy a wider selection of produce and kosher foods. Under the FRESH program, Moisha's Discount Supermarket is slated to receive just under $2 million in tax breaks to double its size and provide more grocery options to the underserved community [PDF]. Along with 15,000 square feet of supermarket, however, the neighborhood will be receiving 18,000 square feet of parking.
February 8, 2011
City Offers Tax Exemptions For Politically Connected Parking Operator
Raking in millions by inducing more traffic on Jamaica's congested streets? It's charity, says New York City, and the business that does it should not pay taxes.
December 3, 2010
What Would It Take to Run a Successful East River Ferry Program?
A few more details about the city's new subsidized East River ferry service were revealed at a Metropolitan Waterfront Alliance panel yesterday afternoon, including the route's stops and hours. Mostly, however, the panel offered advice on what it will take to make ferries successful and provided some valuable context for the public discussion about waterborne transit.
December 1, 2010
NYCEDC Building a Park(ing Lot) for Downtown Brooklyn
If you've ever wished you could dodge more cars and inhale more exhaust on your way to the park, Downtown Brooklyn's next green space is for you. It will be built on top of a garage with nearly 700 underground parking spots.
September 27, 2010
Fordham Plaza Overhaul Promises Big Improvements for Pedestrians
Fordham Plaza, one of the city's busiest transit and retail hubs, but also one of its most dangerous, is slated for a major redesign [PDF] by NYCDOT and the Economic Development Corporation. Highlights of the badly-needed overhaul include a massive increase in public space, a slew of safety improvements for pedestrians, and a block-long bus- and bike-only street.
August 3, 2010
EDC’s Queens Plaza Project Adds Better Bike-Ped Routes, Subtracts Parking
The Queens Plaza North bike lane will run in a center median. Image: NYCEDC Protected bike paths are coming to Queens Plaza as part of a major redesign of the area by the city’s Economic Development Corporation. Construction work to transform the dangerous, overwide streets and surface parking at “the gateway to Queens” has been … Continued
July 20, 2010
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