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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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 […]

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 […]

For Bloomberg, No Lessons Learned From Yankee Parking Subsidies

By Brad Aaron |
If Mayor Bloomberg regrets his administration’s involvement in the Yankee Stadium parking disaster, he’s not letting on. The Bronx Parking Development Company has finally defaulted on $237 million in triple-tax exempt bonds used to finance parking garages for the new stadium, and bondholders are looking for a way to recoup their losses. “There just wasn’t […]

NYCEDC Building a Park(ing Lot) for Downtown Brooklyn

By Noah Kazis |
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. Last Thursday, the city’s Economic Development Corporation released a request for proposals to […]

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 […]