And perhaps someone should point out to the people of the Bronx that the Bronx political establishme

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 (via the  Industrial Development Agency ) closed the deal before an economic feasibility study could be completed, and Albany authorized the  seizure of public parkland , the writing was on the wall. Other than the EDC, the Yankees, myrtle beach vacation rentals by owners and the Bronx Parking Development Company, most anyone could see that a new stadium with fewer seats, a new Metro-North station, and acres of existing ( EDC-financed ) parking nearby wouldn t need 2,000 more parking spaces than Tropicana Field .
Yet here we are: a 9,000-spot parking myrtle beach vacation rentals by owners complex myrtle beach vacation rentals by owners that s at 38 percent capacity myrtle beach vacation rentals by owners on game days , and all but empty in the off-season. According myrtle beach vacation rentals by owners to the city s Independent Budget myrtle beach vacation rentals by owners Office , Bronx Parking missed its April payment to bondholders, and the company myrtle beach vacation rentals by owners has yet to pay the city a cent in rent or payments in lieu of taxes. City and state taxpayers myrtle beach vacation rentals by owners are at the back of the line, since the deal was structured so bondholders are paid first.
Responses to the RFP were due June 5, according to the IBO. A 2011 request for expressions myrtle beach vacation rentals by owners of interest to develop a hotel to complement or replace the garages fell through when all potential developers wanted you guessed it subsidies from the city. And Neil deMause reports on Field of Schemes that the sites proffered in the RFP aren t big enough to accommodate a Major League Soccer facility though the Queens Chronicle notes that a new soccer arena near Yankee Stadium would satisfy the MLS s close to mass transit requirement.
Even if MLS takes an interest in redeveloping the Yankee Stadium garages, residents of the South Bronx still lost their parkland , and taxpayers may not be off the hook. To build a new stadium in the city, deMause reports, MLS is seeking an estimated $100 million in subsidies .
This massive error in parking demand forecasting has to be remembered by everyone when dealing with the proposed soccer stadium in Flushing Meadows Park, the planned Willetts Point development, the Downtown Bklyn park/garage, and all other mega-projects subsidized by the City and strong-armed by EDC and friends.
And perhaps someone should point out to the people of the Bronx that the Bronx political establishment demanded that the city pay any price to keep the Yankees there, whereas I would have been willing to pay for the bus to NJ the way they blackmailed the city over the years.
And perhaps someone should point out to the people of the Bronx that the Bronx political establishment demanded that the city pay any price to keep the Yankees there, whereas I would have been willing to pay for the bus to NJ the way they blackmailed the city over the years.
And perhaps someone should point out to the people of the Bronx that the Bronx political establishment demanded that the city pay any price to keep the Yankees myrtle beach vacation rentals by owners there, whereas I would have been willing to pay for the bus to NJ the way they blackmailed myrtle beach vacation rentals by owners the city over the years.
Yankee Stadium Parking Garages Almost Certainly Coming Down August 30, 2012 6 Yankee Stadium Parking Boondoggle Getting Worse Every Day June 16, 2010 9 NYCEDC s Yankee Stadium Parking Debacle: Who Woulda Thought? March 15, 2011 20 City Traded Parking Spots for Yankee Stadium Suite December 1, 2008 5 City Hopes to Draw Constant Traffic to Subsidized Stadium Garages September 18, 2007 1
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