So it looks like the city of NY is going to default on the bonds for the parking garages around Yankee Stadium according to this report.
Its upsetting but when you have too much parking, high prices and mass transit option that are cheaper and more convenient, why would anyone want to drive? This season (if they don't close garages) it will be easy to get in and out of the parking since not many individuals are going to want to pay $35 to park.
The other thing in this, is will a hotel in the Bronx really work? Sure if this was 2007, I might agree. At that time hordes of tourists were coming to the Bronx to see the old Yankee Stadium one last time, and that lasted for much of 2008 and 2009. But as the "new" Yankee Stadium's newness wears off then what? Why would anyone want to visit and stay in a hotel in the south Bronx when you have all the luxury hotel a train ride away in Manhattan?
What they should do is either lower the price of the garages, knock the garages down, or build parks on the top level of each garage. That way they still have the parking, and can give back to the community.
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