With parking ramps not generating nearly the amount of revenue anticipated by city officials, the Bronx Overall Economic Development Corp. is soliciting developers to pitch a plan for a high-end hotel next to Yankee Stadium.
When the new Yankee Stadium was being designed, city officials converted some park land to parking ramps. The result was less than stunning: capacity at the 6,000 parking spots demanded by the New York Yankees never exceeded 60 percent, as fan smartly took advantage of top-notch public transit when attending Yankees games.
So with the parking ramps in financial agony, the borough’s economic-development arm is doing what local activists wanted in the first place: include a hotel in the mix, with fewer parking spots.
Developers are bring asked to submit plans for a hotel and conference center at River Avenue and 153rd Street, which could also include condos and a high-end penthouse restaurant space. (Yeah, we remember when Yankee Stadium was a real blue-collar hangout, too.) Local businesses and residents argue the need for a hotel in the area, and the market usually responds to demand. Eventually.
RELATED STORIES: Is there too much parking at new Yankee Stadium?
Share your news with the baseball community. Send it to us at firstname.lastname@example.org.
Subscribers to the weekly Ballpark Digest newsletter see features before they’re posted to the site. You can sign up for a free subscription at the Newsletter Signup Page.