Development

 

Last week, the board of the New York City Industrial Agency postponed a vote on whether to subsidize the construction of parking facilities at the new Yankee Stadium through the issuance of $225 million in triple tax exempt bonds. Streetsblog has no word yet on when the vote will occur, so in the meantime here is a list of the people who will be making the decision, with as much background as we could gather on the lesser-known members.

Okay, so the question comprising the title of this post sounds naive enough to border on rhetorical. But in light of the city's current development climate, it takes a stronger resolve than mine to read "Power Broken," by NYU's Thomas Bender, without wondering which side of the fence to come down on.

The Sun reported recently that Midtown parking garage owners are finding there are more valuable uses for their property than auto storage.

Last weekend the New York Times published a nice piece about a resurgence in downtown Manhattan street life.

In an unusual move, the board of the New York City Industrial Development Agency (IDA) this morning postponed a vote on whether to issue tax-free bonds for parking facilities at the new Yankee Stadium.

The people of the South Bronx will organize against the subsidized construction of parking garages for the new Yankee Stadium, one resident said yesterday.

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.