Yankee Stadium Parking Scandal
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Weisbrod and Kimball Tie Their Own Hands on Parking Reform
Reducing the amount of parking in new development promises to make housing more affordable and curb traffic congestion, but it hasn't gained much traction in Bill de Blasio's first months at City Hall, despite the mayor's ambitious promises to ease the housing crunch. Today, two top city officials explained why, unlike their counterparts in more car-dependent cities, New York's leaders are suggesting only the meekest changes to off-street parking policy.
May 28, 2014
Anybody Interested in Tearing Down a Couple of Yankee Stadium Garages?
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.
July 12, 2013
For Bloomberg, No Lessons Learned From Yankee Parking Subsidies
If Mayor Bloomberg regrets his administration's involvement in the Yankee Stadium parking disaster, he's not letting on.
October 18, 2012
Yankee Stadium Parking Garages “Almost Certainly” Coming Down
How long now before the Yankee Stadium parking fiasco becomes an unpleasant memory?
August 30, 2012
The House That EDC Built: A 9,000-Car Complex With 8,930 Empty Spaces
In case you're just tuning in, all that taxpayer-subsidized parking built for the new Yankee Stadium has failed beyond anyone's wildest expectations.
February 3, 2012
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
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
Pro-Parking Policies Will Sully the Legacy of PlaNYC
Former Deputy Mayor Dan Doctoroff, widely credited as the architect of PlaNYC, spoke at the Museum of the City of New York last week on the potential impact of Mayor Bloomberg's signature program. According to City Room, Doctoroff considers the two-year-old environmental blueprint on par with such grand projects as Central Park and the development of the Manhattan street grid.
April 27, 2009
City Traded Parking Spots for Yankee Stadium Suite
Not that we need more evidence that the Yankee Stadium parking deal was rancid to the core, but a Saturday story in the Times reveals the sad details of the Bloomberg administration's push for luxury game day digs -- a 12-seat suite in left field -- for which it traded 250 spots to the team.
December 1, 2008