South Bronx Develops Into Yankee Stadium Parking Lot

Yesterday’s City Limits article on Yankee Stadium parking contains a link to an interactive Google map, developed by author Mathilde Piard, of the stadium site and its surroundings. Users can click on the shaded areas for descriptions of each parking garage or surface lot, including how many cars it can hold and when it will be used.

Be sure to click on Garage A, formerly known as what was left of Macombs Dam Park, for the $237 million subsidy and free police parking feature.

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NYCEDC’s Yankee Stadium Parking Debacle: Who Woulda Thought?

By Brad Aaron |
In news that should surprise no one, the taxpayer-financed Yankee Stadium parking garages have been declared an unmitigated disaster. Anyone could have seen the deal was a loser from the start — that a sports stadium served by subways, buses and a new commuter rail station, a stadium that would have fewer seats for fans, […]

Anybody Interested in Tearing Down a Couple of Yankee Stadium Garages?

By Brad Aaron |
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. Even back in 2007 and 2008, when the NYC Economic Development Corporation […]

City Approves Subsidized Yankee Stadium Parking

By Brad Aaron |
Yes, the Yankees’ season is over. But on the bright side, this morning the city handed the team a nice consolation prize: $225 million in tax exempt bonds for parking deck construction at the new Yankee Stadium. Under the agreement, the city will give up some $2.5 million in taxes, with an estimated $5 million […]

Take Me Out to the Yankees Parking Subsidy Hearing

By Brad Aaron |
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. The Post reported this week that one of the four planned parking structures has been scuttled, but the rest remain on the […]

The Bronx Is Burning Over Subsidized Stadium Parking

By Brad Aaron |
The people of the South Bronx will organize against the subsidized construction of parking garages for the new Yankee Stadium, one resident said yesterday. At a sparsely attended public hearing in Lower Manhattan, Margaret Collins of Save Our Parks told the New York City Industrial Development Agency (IDA) that a "barely contained rage" is simmering over the traffic the new […]