Recent Streetsblog NYC posts about NYC Industrial Development Agency

Yankee Stadium Parking Boondoggle Getting Worse Every Day

By Ben Fried | Jun 16, 2010 | 9 Comments

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: As of this month, Bronx Parking Development LLC owes the city […]

The Bronx Is Burning Over Subsidized Stadium Parking

By Brad Aaron | Sep 7, 2007 | 16 Comments

The people of the South Bronx will organize against the subsidized construction of parking garages for the new Yankee Stadium, one resident said yesterday. At a sparsely attended public hearing in Lower Manhattan, Margaret Collins of Save Our Parks told the New York City Industrial Development Agency (IDA) that a "barely contained rage" is simmering over the traffic the new […]

Bronx Boro Prez Issues Protest at Yankees Parking Hearing

By Brad Aaron | Sep 6, 2007 | 4 Comments

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. Testifying before the NYC Industrial Development Agency (IDA), which is poised to issue over $200 million in triple tax […]

Take Me Out to the Yankees Parking Subsidy Hearing

By Brad Aaron | Sep 5, 2007 | 18 Comments

As Streetsblog reported back in April, the city is set to subsidize thousands of parking spaces for the new Yankee Stadium by issuing hundreds of millions in tax-exempt bonds for parking deck construction. The Post reported this week that one of the four planned parking structures has been scuttled, but the rest remain on the […]