NYC raises Yankee Stadium parking

The picture is dated from 2006. So in five years the price will have
been increased by $22.

The story was first reported by the NY Daily News , but it looks like the parking around Yankee Stadium is about to become a premium. To prevent from defaulting on bonds, the price for parking in 2011 will go from $23 to $35 for self park and from $36 to $45 for valet parking.

In the article it says that the reason behind this is so that the city can get money back, but how are they really going to get money? Its basic economics to know that once you pass a certain price, you will no longer make money. Does the city forget that three subway lines, along with the metro north all arrive at the stadium? If the lots were only filled to 60% on average during the regular season, what will it be like next year? Also who would ever pay $45 for valet parking? Last year when I would pass those lots, when they were priced at $36 their may have been like 20 cars in it.

Of course many will now be taking mass transit to the game, but if you insist on driving, the shopping mall right off exit four of the major deegan was charging $19 for parking this past year. If that price stays the same then you may want to try that out.

It is sad that parking is now about to become more expensive then Grandstand and Bleacher seats, but this is something that the Yankees cant be blamed for. The whole mess is up to the Bronx and NYC, eventually they will have to lower the prices if nobody is parking in the expensive lots.