A plan to tear down unprofitable parking ramps near Yankee Stadium has collapsed, leaving New York City to basically wait for the parking vendor to default on $240 million in bonds. When Yankee Stadium was planned, the decision was made by Bronx Overall Economic Development Corporation to back parking ramps near the ballpark, with the […]
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Is there too much parking at new Yankee Stadium?
The New York Yankees demanded a raft of parking spots in ramps surrounding the new Yankee Stadium, but given the great public-transportation options to the ballpark, game-day usage never exceeded 60 percent — and the company running the ramps is on the verge of default on the bonds used to build them. In retrospect, demanding […]