Parking At Yankee Stadium Could Soon Surpass Price Of Some Tickets

More Yankees News

• Jeter Passes Brett On All-Time Hit List
• Don Larsen To Auction 1956 Uniform
• Teixeira Refuses To Change Approach, Getting Results
• Yankees Sign John Maine
• New York Yankees Archive
•  RSS Feed |  Twitter

Yankees Links

• Yankees Message Board
• Find Yankees Tickets
• Feedback or Suggestions

The price to park at Yankee Stadium could soon reach $55 thanks to poor planning and a private firm that is running low on cash.

The Bronx Parking Development Company LLC -- a private firm that owns and operates parking lots and garages surrounding the stadium -- is unable to repay the hundreds of millions of dollars that it owes on bonds.

While the Bronx Parking Development company is not affiliated with the Yankees or even New York, its failure is directly linked to the deal brokered by the team and the city back in 2005.

Mayor Michael Bloomberg agreed to issue $237 million in tax-exempt bonds that allowed a 9,000-space system of garages and parking lots to sprawl around the new stadium, replacing both public park land and abandoned lots abutting the Harlem River.

Via Big League Stew

New York Yankees

Read the Full Story Discuss Send Feedback Buy Tickets