Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Adolfo Carrion

Yankee Stadium Parking Garages “Almost Certainly” Coming Down

How long now before the Yankee Stadium parking fiasco becomes an unpleasant memory?

The site of one Yankee Stadium garage was offered for redvelopment as a hotel and conference center in 2011. Photo: BOEDC

In a brief Crain's item published last Friday (hat tip to Tri-State), Marlene Cintron, president of the Bronx Overall Economic Development Corporation, said that occupancy rates at the taxpayer-financed stadium garages are down from last year, and now stand below 50 percent.

The Bronx Parking Development Company is in default, as expected, according to Crain's, and bondholders are weighing their options.

Seven companies responded to a request for information to build hotels on the garages, which Cintron said would almost certainly have to be torn down.

Though there were rumblings of repurposing or replacing some stadium parking over a year ago, this appears to be the first time a public official has publicly suggested that the garages could be erased completely.

Bronx Borough President Ruben Diaz, Jr., who has his predecessor Adolfo Carrion and the New York City Economic Development Corporation to thank for this mess, broached the idea of siting a hotel near the stadium in his 2010 State of the Borough address. Ironically, Daily News columnist Juan Gonzalez wrote last February that initial proposals were dismissed because developers insisted on “major city subsidies.” Diaz also reportedly asked the Bloomberg administration to replace "some of the garages" with low-income housing. This outcome seems unlikely, given that bondholders, unlike the EDC, expect a return on their investment.

Diaz spokesperson John DeSio told Streetsblog last year that whatever becomes of the garages, the next developer should learn from the city's mistakes -- the squandering of millions of dollars on parking that the neighborhood didn't want, and the Yankees didn't need; approving the deal before conducting an economic feasibility study, and so on. Regardless, given the sordid history of the stadium garages, residents of the South Bronx, and city and state taxpayers at large, would do well to keep their ears to the ground.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Sean Duffy’s ‘Great America Road Trip’ Wants You to Drive to Central Park

Sean Duffy's "Great American Road Trip" encourages Americans to drive to sites in the most transit-rich and car-choked parts of the country.

July 3, 2025

Ex-DOT Official Warns NYC’s ‘Counterproductive’ E-bike Speed Limit Will Curb Biking, Safety

The mayor is working overtime to undo the decade of gains for cycling in the Big Apple, a former de Blasio administration official told Streetsblog.

July 3, 2025

Thursday’s Headlines: Just the News Edition

Things are slowing down for summer, but not entirely. Here's the news.

July 3, 2025

DOT Boss Defends Adams’s ‘Vision Zero’ Record As Agency Fights A Bike Lane in Court

Traffic fatalities are down and the DOT is taking a victory lap — even as it argues against a protected bike lane in court.

July 2, 2025

Cyclist Arrested After Crash with Electric ‘One-wheel’-Style Unicycle

Carolyn Backus is charged with fleeing the scene of a crash causing serious injury, but the details are murky.

Wednesday’s Headlines: Return of Summer Streets Edition

Summer Streets is back and bigger than ever. Plus more news.

July 2, 2025
See all posts