PlanNYC: Yankee Stadium Construction

Feedback

Community District

Find the planning projects in your community district.

All Projects

QUICK LINKS

Yankee Stadium Construction

On June 15, 2005, the Yankees announced their plans for a new 53,000 seat stadium, with a planned completion in April 2009. The City Council has approved both the construction and financing of the new stadium. The New York City Industrial Development Agency (IDA) has approved the issuance of tax-exempt bonds to finance the parking facilities at the Stadium and New York State’s Empire State Development Corporation is also contributing to the construction of parking facilities for the new stadium.

As part of the deal to approve the stadium, New York City agreed to replace the parkland used for the new development. A new commuter train station, jointly financed by the City and the MTA, and an expanded ferry terminal also are part of the new stadium site. There is also a plan to build a high school for sports careers across the street from the new stadium.

Many local community members are concerned about the traffic and environmental impacts of the project. They contend that the project will encourage even more drivers to come to the neighborhood, a problem that could be exacerbated by the Mayor’s congestion pricing proposal. In addition, many are concerned about the large amounts of public money that is being used to help finance the project.

sorted by date | sort by source | sort by topic

CBA from Yankees Means Grants for Local Community

Tuesday, May 06, 2008 | New York Daily News | Topic: General

The New Yankee Stadium Foundation, set up as part of the Community Benefits Agreement (CBA) from the construction of the new Yankee Stadium, has begun to dole out funds to different community groups. The Foundation gave $500 grants to 24 Little League teams in early April and is hopeful to begin giving out money to larger projects and groups. Under the CBA, the Foundation will receive $800,000 in cash and $100,000 in baseball equipment every year for 40 years. The Foundation will also get tickets to Yankees games.

Parking Currently Problem at Ballparks, New Stadiums Will Have More Lot Space

Saturday, May 03, 2008 | The Journal News - Lower Hudson Online | Topic: Transportation

Construction at the Mets’ new Citi Field and the new Yankee Stadium has reduced game parking for both teams by about 2,000 spots each. Once the stadium projects are completed, parking for both stadiums will be increased, to 8,500 for the Mets and 9,000 for the Yankees. There are also plans for a new Metro North station at Yankees Stadium, serving the Hudson, Harlem and New Haven lines.

South Bronx Residents Frustrated With Yankee Stadium "Redevelopment Park”

Monday, April 21, 2008 | Metro New York | Topic: Economic Development

The City opened the first Yankee Stadium “redevelopment park” in the South Bronx last Friday as part of the efforts to replace 25 acres of parkland lost due to the new stadium. The new artificial-turf ball field is located on an old asphalt school playground one mile away from existing parks that were taken away. Many residents have expressed frustration about the new park’s distance from their community and that no new open space will be created by the development.

Yankee Stadium Neighbors Still Waiting For Community Benefits

Wednesday, March 26, 2008 | NY1 | Topic: General

Bronx residents complained at a Community Board 4 that they have not yet seen the promised $1 million that is owed as part of the Yankee Stadium community benefits agreement (CBA). The CBA states that the surrounding neighborhoods will get nearly $1 million per year for the next 40 years. A member of the volunteer advisory panel for the agreement stated that the process for distributing the money will begin in April.

Price of Parkland Replacement Near Yankees Stadium Rising

Thursday, March 20, 2008 | Forbes | Topic: General

The Yankees say they will continue with their plan to create 28 acres of new parkland to replace that on which they are building their new stadium, despite a report that costs for the parks have risen by almost 50%.

Yankee’s Community Benefit Fund Set to Begin

Tuesday, February 19, 2008 | New York Daily News | Topic: Economic Development

A fund established as part of the Community Benefits Agreement (CBA) agreed to by some Bronx officials and the Yankees almost two years ago is set to begin its work soon. The recently established New Yankee Stadium Community Benefits Fund Inc. is expected to start giving out money and supplies to area Little Leagues and non-profits in April. The Yankees agreed to give $800,000 in cash and $100,000 in baseball equipment as well as tickets for home games every year for the next 40 years to communities in the Bronx in an effort to quell public opposition to a new stadium.

Local Businesses Benefiting From Yankee Stadium Construction

Sunday, February 17, 2008 | New York Post | Topic: Economic Development

According to officials from the Yankees, of the 96 construction contracts awarded for construction of their new stadium, about a third have gone to Bronx companies totaling about $121 million. Some of the contractors that have been hired have said that they buy many of their materials in the Bronx and also have a workforce partially made up with Bronx residents.

Some Bronx and Yankees Official Discuss Community Benefits

Friday, February 15, 2008 | New York Daily News | Topic: Economic Development

A meeting between elected officials from the Bronx and officials from the Yankees became heated over community benefits from the new Yankee Stadium. The dispute between the two groups stems from a community benefits agreement (CBA) that was signed two years ago. The CBA required a certain amount of construction jobs go to Bronx residents and the establishment of a community foundation that would dole out money to Bronx non-profit groups. The community foundation advisory board has yet to meet formally. Many of the officials in attendance at the meeting were not the ones that were responsible for brokering the CBA with the Yankees. Those officials in attendance expressed just as much frustration with the leaders that worked out the CBA as they do with the Yankees.

More Open Space to Come to the Bronx, Says Parks Commissioner

Tuesday, February 12, 2008 | New York Daily News | Topic: Environment

Adrian Benepe, Commissioner of the Parks and Recreation Department, says that the Bronx is slated to get new open space and parklands under Mayor Bloomberg’s PlaNYC 2030 plan. According to Benepe, his agency is committed to spending nearly $600 million over the next five years to finish ongoing parks projects and create new community open spaces as well. Benepe also said that development around Yankee Stadium has not compromised any of the parkland for the Bronx and claims that acres of parkland are being lost is factually untrue. He asserts that there will actually be a net increase in 5.28 acres of new park space that will include new baseball fields, basketball and handball courts, other recreational space and waterfront access. Some parks groups, including the NYC Park Advocates, have said that the stadium will provide a net decrease in parkland of about 4 acres.

Cost for Yankee Stadium Rises to $1.3 Billion

Thursday, February 07, 2008 | Forbes | Topic: Land Use

Yankee Officials announced that costs to build a new stadium have risen to $1.3 billion, up from $1 billion estimated last year. One reason for rising costs are the amenities that are being included in the park, including a video conferencing center, luxury suites, party suites, and a new TV screen that will be six times larger than the current screen. The cost estimate also increased because of legal suits the Yankees have endured from community groups concerned with loss of parkland.

Parks Group Blames Mayor for Less Parkland Around New Stadium

Tuesday, January 29, 2008 | New York Daily News | Topic: Land Use

The organization NYC Parks Advocates is accusing Mayor Bloomberg of not delivering on his promises of replacing the nearly 25.1 acres of parkland that was taken in order to build the new Yankees Stadium. According to the group, about 4 acres of land is not being replaced and what is being replaced is either not adequate space for active recreation or is already designated parkland. The Parks group is also concerned that this area of the Bronx already has higher than average asthma rates.

With Congestion Pricing a Possibility, Fate of Yankee Stadium Parking Lots a Concern

Monday, January 14, 2008 | City Limits Weekly | Topic: Environment

Some are questioning what will become of the vast number of parking spaces that are set to be built for the new Yankee Stadium. As Mayor Bloomberg continues to push a congestion pricing plan to limit the amount of cars in Manhattan, some community members are concerned that the parking lots will become park and ride facilities for commuters which they believe will increase traffic and noise pollution while decreasing air quality. Other points remain in question such as who will be allowed to use the lots and what days of the week and times of the day they will be available and at what cost.

Land Giveaway Concern for Activists Near Yankee Stadium

Monday, January 14, 2008 | New York Post | Topic: Land Use

According to the New York Post, the Parks Department donated a piece of land located near Yankee Stadium to real estate developers. Although the city had initially planned to use the space for parking, some activists are concerned that the location will not be used for community open space. The Bronx Borough Board and the Planning Department have confirmed that any new development of this parcel does not need to be fully approved by Bronx elected officials. It is unclear what the land can be used for at this point.

Community Benefits From Yankee Stadium Intangible Thus Far

Monday, January 07, 2008 | New York Times | Topic: General

A year and a half after a community benefits agreement was signed to account for the new Yankee Stadium, the community has yet to see anything tangible from the agreement. The group established to administer the agreement has never met and has not filed as a charity. Also, none of the $1.2 million that the Yankees were required to give a year has been doled out to any community organizations. Some elected officials have said they have been left out of discussions since the agreement was signed. Others involved in the process have said that progress is moving slowly and that the community will get what they are owed. The Stadium is expected to be completed in time for the start of the 2009 baseball season.

Free Parking at New Yankee Stadium To Be Subsidized By Taxpayers

Thursday, January 03, 2008 | New York Daily News | Topic: Economic Development

The Daily News revealed Wednesday that there will be over 600 free parking spaces for the use of the Yankee players, their guests, and public officials at the new Yankee Stadium parking garages being subsidized by taxpayer dollars. Mayor Bloomberg says that this will be taken into account in the decision of the cost of parking for regular fans.

Has City Taken More Parkland for Yankee Stadium Than It Replaced?

Tuesday, December 18, 2007 | New York Daily News | Topic: Environment

Opponents of the City’s plans to take 22 acres of parkland to build the new Yankee Stadium believe that the Parks Department is replacing it with inadequate space. In particular, NYC Park Advocates takes issue with the designation of artificial turf fields on top of a parking garage as replacement parkland. The Parks Department says that it is sympathetic to the concerns but chooses to emphasize that is providing new recreational facilities. The Parks Dept. also notes that it plans to replace the 400 trees lost to the stadium with 8,000 new trees, of which 1,200 have already been planted.

Space for Parks in Dispute in New Yankee Stadium Construction

Monday, October 29, 2007 | Metro New York | Topic: Land Use

Recent debate about the dedicated parkland created by the new Yankee Stadium project is being disputed by a local non-profit organization. The city’s Parks Department claims that some of the areas will be newly designated while others contend that those areas have been existing parks for years. Also, some community members argue that the new parkland will be inconvenient for neighborhood children to utilize.

Yankee Stadium Garage Finance Plans Approved

Tuesday, October 16, 2007 | New York Daily News | Topic: Finance

New York City's Industrial Development Agency voted to approve the controversial $225 million tax-free bond issue plan to finance the parking garages for the new Yankee Stadium. The vote, which was the final step required to go ahead with the plan, occurred after the Economic Development Corporation won Bronx Borough President Carrión's support. Councilwoman Helen Foster voted against the plan due to her continued concerns about congestion in the area.

Yankees Rent Deductions Under Investigation by City

Friday, October 12, 2007 | New York Daily News | Topic: Finance

City officials are challenging Yankee executives over $14 million they deducted in rent over the last two years that the team says it used to plan the new stadium. Under the Yankees’ lease agreements with the city, the team can deduct costs for planning the new Bronx stadium from their rent. However, in 2006 the team attempted to file for retroactive expenses in addition to the current deduction, something which may not be legally allowed under the terms of the lease. Further investigation has also given rise to questions as to the legitimacy of these claimed planning expenses. As per city investigation, the Yankees have agreed to resubmit the paperwork for a second review.

City Approves Bonds for New Yankee Stadium Parking Garages

Wednesday, October 10, 2007 | Metro New York | Topic: Economic Development

The Industrial Development Agency authorized $218 million in tax-exempt bonds to the non-profit Community Initiatives Development Corporation (CIDC) to build the new Yankee Stadium garage. CIDC, the only developer willing to take on the project, recently defaulted on a similar project in New York, which was also financed using taxpayer dollars. Tax-exempt status will mean lower building costs, but concerns have been raised about the financial feasibility of this project since the garages would be used for only 81 games a year. If this project were to default, the city would be responsible for the debt.

Bronx Borough President Holds Up Financing Plan for Stadium Parking

Tuesday, September 25, 2007 | New York Daily News | Topic: Finance

The Industrial Development Agency was forced to postpone indefinitely the vote on the controversial financing plan for the garages at the new Yankee Stadium after Bronx Borough President Adolfo Carrión refused to give his endorsement to the plan. Carrión says that the city’s Economic Development Corporation has not provided him with key information about the financing, including the draft lease or a feasibility study. Bronx leaders fear that the garage will need to be open full time, increasing the traffic in the already asthma-ridden South Bronx.

Vote Postponed on Financing Parking at Yankee Stadium

Wednesday, September 12, 2007 | New York Daily News | Topic: Finance

The Industrial Development Agency (IDA), an arm of the city’s Economic Development Corporation (EDC), delayed a critical vote on financing for a $225 million plan for three parking garages at the new Yankee Stadium. Bronx Borough President Adolfo Carrion pushed for postponement because the IDA has failed to produce specific financing details. The $225 million subsidy would be paid for by the city and the bonds would be used by the Bronx Parking Development Co., a “shell corporation,” to run the garages. Critics allege that the garages are fiscally irresponsible and could damage public health.

Rising Costs Mean Less Parking at New Yankee Stadium

Friday, August 31, 2007 | New York Post | Topic: Finance

The new Yankee Stadium will have three parking garages, one fewer than originally planned, says the Empire State Development Corporation (ESDC). This means a reduction of 1,145 parking spaces. The ESDC, which is committing $75 million of public funds to the garage project, had to scale back its plan because of rising construction costs. The cost of the major portion of the parking garages will be covered by city-issued bonds.

New Yankee Stadium to Feature Fewer Seats, More Parking

Tuesday, August 14, 2007 | New York Daily News | Topic: Transportation

The project Good Jobs New York is reporting that the new Yankee Stadium will feature 2,500 more parking places than the current facility despite the fact that the new stadium will hold 5,000 fewer seats. Some have criticized the additional spaces, citing $96 million in public subsidies for more parking garages when the Metropolitan Transportation Authority (MTA) has already proposed a new Metro-North rail station near the stadium. Additionally, 1,200 parking spaces are currently at nearby Gateway Mall.

Metro-North Groundbreaking at Yankee Stadium

Saturday, July 21, 2007 | New York Post | Topic: Transportation

City and state officials officially broke ground on a new Metro-North commuter rail station to be opened at Yankee Stadium in the Bronx in June 2009. The $91 million project will open two months following the finish of the new Yankee Stadium. Promoted by both Governor Spitzer and Mayor Bloomberg, the cost of the station will be shared by the MTA and the city. The MTA will contribute $51.2 million, while the city will add $38.6 million.

New Yankee Stadium Receiving Large Tax Breaks

Friday, July 20, 2007 | Metro New York | Topic: Finance

While the new Yankee Stadium originally drew praise because it was going to be built without government financing, a recent report by Good Jobs New York has reported that the stadium will actually be receiving over $660 million in tax breaks and subsidies. The total cost of the new stadium is expected to be about $1.3 billion. A portion of the benefit comes from lower interest rates made available because the city provided tax-exempt bond financing for the project.

Metro-North Station For New Yankee Stadium

Monday, May 21, 2007 | Staten Island Advance | Topic: Transportation

A new Metro-North train station has become part of the plans for the new Yankee Stadium as of today, according to the Metropolitan Transit Authority. The $91 million station will be completed around the same time as the stadium in 2009. New York City and the MTA are splitting the cost of the station.

Yankee Train Station Plan In Doubt

Wednesday, April 25, 2007 | Metro New York | Topic: Politics & Government

A plan to build a Metro-North train station at Yankee Stadium is undetermined, as no contract has yet been awarded by the Metropolitan Transportation Authority (MTA) for construction of the station. Possible reasons for the delay in contract are the increase in land value on the site, the near doubling of the original $45 million cost, and the lack of finalized details between the Yankees, the city, and the MTA over financing responsibility and budgeting. Sources close to the mayor's administration maintained that the city's only responsibility for the project is a pedestrian bridge, while the MTA is responsible for the rest. The decision to build a train station at the stadium was a concession to a consortium of "good-government" groups who criticized a proposal to build four parking garages on site.

Parking Frustrations Grow Around Yankee Stadium Neighborhood

Friday, April 06, 2007 | New York Daily News | Topic: Finance

Most Bronx area residents living close to Yankee Stadium complain about the traffic and parking congestion that accompanies every home game. Now, many of these residents are also criticizing a new plan announced by the city's Industrial Development Agency to build a $280 million garage complex to alleviate some of the congestion. The proposal calls for state and city financing of the complex to the tune of $91 million, which is part of the $400 million that local and state government are already giving to the Yankees new stadium plan, according to New York Daily News. The good government group, Good Jobs New York, objects to the foregone tax revenue, that will accompany the public financing of tax-exempt bonds as well as the adverse effects on the public health that increased car traffic will generate. The city's Economic Development Corporation maintains that the new plan will net greater income for the city than the old.

City to Subsidize Yankee Stadium Garages

Wednesday, April 04, 2007 | New York Observer | Topic: Economic Development

Despite promises that the Yankee Stadium Garages would be financed by private companies, the Industrial Development Agency recently awarded $186 million in tax free bonds to the non-profit Community Initiatives Development Corporation. It is unclear whether the firm plans to keep the Yankee garages' revenues or turn part of them over to the city as the original agreement between the Yankees and the City had called for. The bonds will cost the city $2 million in lost tax revenue. The city is also paying $21 million for a park atop the new garage.

Businesses Outside Yankee Stadium See Uncertain Future

Monday, April 02, 2007 | New York Times | Topic: General

The excitement of Opening Day for business owners near Yankee Stadium is dampened somewhat by concerns over what will happen when the New Yankee Stadium opens for the 2009 season. The new stadium will have extended commercial space inside the stadium, whose competition will potentially hurt businesses located outside the stadium walls. With the new stadium completed, the subway will also stop directly at the stadium, eliminating fans walk past local business on their way to the game.

MTA $35 Million Short On Yankees Metro North Stop

Thursday, March 22, 2007 | | Topic:

The MTA is $35 million short in their budget to build a new Metro North stop at Yankees Stadium. Bronx Borough President Adolfo Carrión has proposed awarded a developer the right to build "an extensive mixed-use development" on top of the station in return for paying for the station's construction.

City Funding Increases for New Baseball Stadiums

Tuesday, January 30, 2007 | | Topic: Politics & Government

Mayor Bloomberg's proposed 2008 capital budget shows marked increases for city funding of the new sports stadiums to be built by the Mets and the Yankees, as well as the Nets. In particular, funding for the new Yankee Stadium has increased to $209 million from $160 million, and to $172 million from $92 million for the new Mets Stadium. The funding figures for the stadium projects in the proposed budget appear to be higher, $586 million, than the original estimate, $360 million, at the time of their announcements.

Bronx Community Board Challenged by New Yankee Stadium Plans

Wednesday, January 10, 2007 | New York Daily News | Topic: Land Use

2007 might be a tumultuous year for Bronx Community Board 4, which includes Mount Eden, Concourse and Highbridge, as it continues to review controversial plans for a new Yankee Stadium in the neighborhood. 2006 ended on a divisive note for Community Board 4 when Bronx Borough President Adolfo Carrión removed 4 Board members, three opposed to the stadium plans, and another for failing to deliver the whole board. Community Board 4 had turned down the Yankee Stadium proposal after learning that construction would compromise two local city parks, despite the City’s approval of the plans.

2006: A Year of Development in the Bronx

Friday, December 22, 2006 | NY1 | Topic: Economic Development

The year 2006 saw many large-scale development plans in the Bronx: a new $800-million Yankees stadium to be finished in 2009, a $500-million new Gateway Center at the Terminal Market also to open in 2009, and the City’s pledge to build 12 acres of open green space as part of the Hunts Point Vision Plan and South Bronx Greenway Project. These are only a sampling of many development plans that are underway or being considered in the borough. Many of these plans are cause of great debate and disagreement. NY1 covers the range of projects in the Bronx.

Dispute Over Park Path In Footprint Of New Yankee Stadium

Wednesday, December 06, 2006 | New York Daily News | Topic: Land Use

The City’s Parks Department has apparently failed to build a temporary running track in place of one displaced by new Yankee Stadium construction, according to some Bronx residents near the new stadium site. Some Community Board 4 members allege that the Department’s understanding of a “walking path” does not qualify as a running track. The current tension reflects the challenges ahead in constructing a new Yankee Stadium.

Yankee Stadium Survives Legal Hurdle

Friday, November 17, 2006 | New York Times | Topic: Land Use

The construction of Yankees Stadium overcame a legal hurdle on Wednesday when a Federal District Court judge in Manhattan ruled against neighborhood advocacy groups, including Save our Parks, who maintained that the National Park Service had neglected its duty to protect two popular city parks in the footprint of the stadium construction. The National Park Service followed the proper procedures, according to the judge.

Green Building Good for Development, Says Bronx

Friday, November 17, 2006 | New York Daily News | Topic: Economic Development

Bronx Borough President Adolfo Carrión released a report last week detailing ways in which eco-friendly development is good for both the environment and the development community. According to the report, economic viability and environmental friendliness are not mutually exclusive. The report explores incentives for developers and manufacturers using green-materials. Such green initiatives are in process at numerous Bronx development sites, including the new Yankee Stadium, the Gateway Center at Bronx Terminal Market and the Hub Retail and Office Center.

What’s in a Name? Discussion of New Mets’ Stadium

Tuesday, November 14, 2006 | New York Times | Topic: Economic Development

George Vecsey laments the corporate nomenclature surrounding the Mets’ new Citi Field stadium and other professional arenas like it. The article also explores the economic and financial reasons for naming stadiums after the developers who help to finance, build, and maintain them.

New Park In The Bronx: A Homerun?

Thursday, October 26, 2006 | Gotham Gazette | Topic: Land Use

The construction of the new Yankee Stadium will result in the removal of 22 acres of existing parkland. In response, the city has committed to spend $160 million over the next four years on 24.5 acres of new recreational facilities and open space. While some in the community feel that they are being shortchanged by the deal, the Parks Department sees it as an opportunity to provide improved recreational facilities. The Gotham Gazette provides the details of the planned park.

A Landlord With Impressive Credentials

Wednesday, October 18, 2006 | New York Times | Topic: Housing

Tishman Speyer, the firm at the head of the investment team in the $5.4 billion deal to buy Stuyvesant Town and Peter Cooper Village, is a commanding presence in New York commercial real estate, but currently owns no other residential properties in the City. The New York Times profiles Jerry Speyer, chairman and public face of the company, and looks at his other recent ventures in New York including developing the new Yankee Stadium and purchasing the Pan Am building.

Runners: Give Us Back Our Park

Wednesday, October 04, 2006 | New York Daily News | Topic: Land Use

Users of the Macombs Dam Park in the Bronx are angry about disruptions being caused by construction of the new Yankee Stadium. City officials have promised the community interim park facilities during construction, but a running track has been fenced and been replaced by spray-painted markings on the sidewalks directing joggers to run around the block. Parks officials acknowledge the inconvenience and say that they’re working to fix the situation.

Advocates: Clean Up Future Park Site

Thursday, September 21, 2006 | New York Daily News | Topic: Land Use

Parks advocates allege that two fuel oil tanks underneath Yankee Stadium have leaked contaminants into the soil where a new park is to be built once the stadium is moved. Advocates have filed suit in federal court claiming that the National Parks Service - a funder of parks related to the project - improperly signed off on the new stadium plan.

Builders Chosen For New Yankee Stadium

Wednesday, September 20, 2006 | Crain's New York Business | Topic: Economic Development

A construction company has been awarded the $615 million contract to build the new Yankee Stadium. ?The project, which officially got underway with at August 16 ground-breaking ceremony, is expected to be completed in 2009.

Yankees Pass The Check

Tuesday, August 29, 2006 | | Topic: Finance

The Village Voice rumbles through the Yankees’ “planning expenses” tab to find unusual write-offs that include the salaries of top team executives and the cost of hiring lobbyists that served to initially approve the deal. The charges come under a loosely defined lease put together by former Giuliani deputy mayor that allows for “planning expenses” to go towards tax payers in return for the full coverage of construction costs by the Yankees.

Uplifting South Bronx

Thursday, August 24, 2006 | New York Sun | Topic: Economic Development

Adam Weinstein, the chairman of the Phipps Community Development Group, predicts a period of rejuvenation for the South Bronx. The groundbreaking for the Gateway Center at Bronx Terminal Market and the new Yankee Stadium are believed to boost the economy of the area, bringing in more jobs and uplifting the pride of the neighborhood.

Mets Trailing The Yankees

Tuesday, August 22, 2006 | CBC/Radio-Canada | Topic: General

The New York Mets are just behind the Yankees in starting the development of their new baseball stadium. They have completed and signed a series of permits and agreements that will put them on track to opening the new field in 2009 – the same year as the scheduled debut of the new Yankees stadium.

The Start of a New Stadium

Wednesday, August 16, 2006 | WABC TV | Topic: General

A groundbreaking ceremony was held today for the New Yankee Stadium. Just a day before, a Supreme Court judge dismissed a temporary restraining order that would have blocked construction on the grounds of up-rooting park trees. The stadium is expected to host its first game in 2009.

Bronx Group Take Yankee's Plan to Court

Friday, August 04, 2006 | New York Daily News | Topic: Environment

Save Our Parks filed a lawsuit in Manhattan Supreme Court petitioning to block the Yankee Stadium plan that calls for large sections of the two parks and hundreds of trees to be swallowed up once construction starts on the $800 million ballpark.

Yankees and Mets Get Approval for Stadium Loans

Tuesday, July 11, 2006 | Bloomberg.com | Topic: Finance

New York City's Industrial Development Agency approved $1.58 billion of tax-exempt and taxable financing for baseball's Yankees and Mets to build new stadiums.

Final Meeting for the Outgoing Board

Tuesday, June 27, 2006 | New York Sun | Topic: Politics & Government

Tonight, the Bronx community board that did not support the stadium plan along with the Borough President will hold its final meeting before old terms expire and new ones begin. Fireworks are expected. The board that will be in place next week will look quite different from the one that will meet tonight.

Carrión Defends Firings

Wednesday, June 21, 2006 | New York Daily News | Topic: Politics & Government

Bronx Borough President Adolfo Carrión defended his firing and demoting members of a local community board because they didn't share his "vision."

South Bronx vision

Wednesday, June 21, 2006 | New York Daily News | Topic: Economic Development

The mayor and Borough President Adolfo Carrión announced yesterday a city initiative to maintain the revitilization of the South Bronx.

Bronx President Shows No Mercy

Tuesday, June 13, 2006 | New York Daily News | Topic: Politics & Government

Bronx Borough President Adolfo Carrion continues to sack and replace members of Community Board 4 and other committee members because they opposed his wishes and voted against the plan for the new stadium.

'Slush Fund' Used By MTA

Thursday, June 01, 2006 | New York Sun | Topic: Transportation

The MTA is under scrutiny by the City Council Transportation Committee because of their use of a 'Slush Fund' to hold money from other projects and now being tapped for the Yankee Stadium station.

Impact from Olympic Bid Still Being Felt

Thursday, May 11, 2006 | New York Sun | Topic: Economic Development

New York may have lost its bid to host the 2012 Olympics nearly a year ago, but the effects of the planned developments surrounding the proposal are still being felt, especially in the outer borough areas where much of the development was proposed.

From East Bronx to Penn Station via Metro North?

Wednesday, May 03, 2006 | New York Daily News | Topic: Transportation

Discussions are underway for a possible Metro North connection from the East Bronx to Penn Station, spurred by the MTA's approval of a Metro North stop at the new Yankee Stadium and the shifting of some LIRR trains to Grand Central.

Recent Projects Divide Communities

Monday, May 01, 2006 | Columbia Daily Spectator | Topic: General

A trio of recent projects in New York - the new Yankee Stadium, the Gateway Center at the Bronx Terminal Market, and the redevelopment of Willets Point - have brought community upheaval, as issues of community relations, economic development, and politics are played out in the public planning process.

Metro North Station OK'd for New Yankee Stadium

Thursday, April 27, 2006 | Journal News | Topic: Transportation

A new Metro North station will accompany the completion of the New Yankee Stadium, thanks to a vote on Wednesday from the MTA that approved $45 million for the project.

Tax-free Financing Approved for Yankees, Mets

Wednesday, April 26, 2006 | Gotham Gazette | Topic: General

City Council on Wednesday voted overwhelmingly to approve $2 billion in tax-exempt bonds and other financing for the new stadiums proposed by the Yankees and Mets.

Yankees vs. Mets

Wednesday, April 26, 2006 | New York Press | Topic: Economic Development

John Desio gives a detailed comparison between the Yankees' and Mets' efforts to build a new stadium and their commitment to their respective communities.

New Trees May Be on Their Way to Yankee Stadium

Sunday, April 16, 2006 | New York Daily News | Topic: Environment

The New Yankee stadium will cause the uprooting of 400 mature trees but the Parks Department for the project has announced plans to replant 12,000 new trees. The young trees will take another 15 to 20 years to grow to maturity, but even then it won’t equal the size of the over 75 year old trees to be removed. The National Park Service still needs to give approval of the parkland plan.

The City that Never Sleeps – On Sports

Monday, April 10, 2006 | Gotham Gazette | Topic: General

New York is on its way to becoming sports central with the possible adoption of nine new projects all to build major game venues. The Yankees, Mets, Knicks, Rangers, Jets, Giants, Devils, Islanders and soon to be Brooklyn Nets, all have plans to construct new arenas in and around the city. Officials say it will boost the economy while locals object to losing park space and increased traffic.

Taxpayers Should Get Out of The Stadium Business

Monday, April 10, 2006 | Newsday.com | Topic: Economic Development

Columnist Raymond Keating writes that sports teams ultimately boil down to businesses and that tax dollars should not be used to fund their stadiums. "The only reason teams get taxpayer subsidies is due to the economic stupidity of politicians."

The Word is Out: New Mets Ballpark Revealed

Friday, April 07, 2006 | New York Times | Topic: General

The Mets have finally officially announced their plans for a new stadium in Queens. Many details are the same as featured in earlier reports. Missing is the retractable roof that would boost the project price tag another $50 million. The plans have met little opposition from residence because it will not build over city park space, unlike the proposed Yankee stadium project. The city council will review the project Monday, April 10th.

New Stadiums... New High Prices?

Friday, April 07, 2006 | New York Sun | Topic: Economic Development

It is nice to watch one's team in a new stadium, but will it be worth the price? In 2005 the average Yankee ticket was $27.34, will teams be able to avoid major price increases under pressure to pay for their new stadiums.

Arena Upgrades All Around

Friday, April 07, 2006 | New York Sun | Topic: Economic Development

It has been 25 years since New York has seen a new professional sports venue. Now, virtually every team in the city is aspiring to move to a new facility. The Yankees, Mets, Jets, Giants, Knicks, Nets, Rangers, Devils, Islanders, and NASCAR have all indicated their intention to upgrade their current facilities.

Council Members Discuss Their Yankee Stadium Votes

Thursday, April 06, 2006 | Newsday.com | Topic: Economic Development

Oliver Koppell claimed that "this is a day to celebrate," Christine Quinn, despite being a vocal opponent of the New York Jets' plan to build a new stadium on the West Side, said that the Yankees plan is a good one because it includes new parkland and a new commuter train station, and Helen Foster, one of the few no votes, stated that the deal is best for the Yankees, not the community.

Yankee Stadium Approved

Thursday, April 06, 2006 | New York Times | Topic: Economic Development

The Yankees passed a major hurdle in their landslide victory in Wednesday's City Council vote. The Council overwhelmingly authorized construction of the $800 million stadium despite some strong opposition. The next step is on April 26th when Council members will vote on the stadium's financing plan.

Tax-Free Bonds For Stadiums Still Need to Be Approved

Wednesday, April 05, 2006 | Newsday.com | Topic: Finance

The Mets and Yankees could see huge cost cuts if the city approves the use of tax-free bonds to build their baseball stadiums. However, the 1986 Tax Reform Act prohibits the use of tax-exempt bonds for sports facilities. The financing plans will be reviewed by the City Council Finance Committee and the Internal Revenue Service next week.

Bloomberg and Pataki Back Plan For Metro-North Station at New Yankee Stadium

Wednesday, April 05, 2006 | Journal News | Topic: Transportation

Governor Pataki and Mayor Bloomberg endorsed the idea of building a new Metro-North Railroad station if a new Yankee stadium is realized. The MTA has been asked to present a plan at the board's April 26th meeting so that funding can be discussed.

Protestors Gather In Last Minute Effort

Wednesday, April 05, 2006 | WABC TV | Topic: Economic Development

Opponents who gathered last night to protest the new Yankee stadium appeared outside of City Hall this morning in a last ditch effort. The various grass roots groups gathered to let the Governor and City Council know that they are not going down without a fight.

New Yankee Stadium Vote Expected Today

Wednesday, April 05, 2006 | WCBS TV | Topic: Economic Development

The City Council is expected to vote today on plans for a New Yankee stadium. Last night, dozens or protestors gathered around McCombs Dam Park to protest the plans.

Yankee Stadium Homerun: For the South Bronx, Bronx Bombers, or Both?

Tuesday, April 04, 2006 | El Diario | Topic: Economic Development

Supporters say that the new stadium represents much-needed development in the South Bronx while critics claim that the proposal is nothing more than a sweetheart deal for the Yankees.

Expansionary Tactics

Monday, April 03, 2006 | Columbia Daily Spectator | Topic: Economic Development

Despite disapproval by CB 4, the Yankees are on the fast track towards a new stadium. Lee Bollinger, president of Columbia University, could benefit from taking a page from the Yankees development playbook.

Forget the World Series: Yankees and Mets Race Towards a New Ballpark

Monday, April 03, 2006 | Other | Topic: Economic Development

Both teams hope to break ground by midsummer, but in the race to pass city roadblocks and avoid obstacles the Yankees seem to have a distinct advantage. The New York City Council is expected to vote Wednesday on the Yankees' land-use proposal while the Mets are still at the preliminary press conference stage.

Union Favors New Stadium

Wednesday, March 29, 2006 | Other | Topic: Economic Development

Kevin O'Rourke, president of the ironworker's local 40 has said that a new stadium will create much needed jobs and wants to see the project started as soon as possible.

Mets & Yankee Score State Dollars

Tuesday, March 28, 2006 | NY1 | Topic: Finance

You may not call it a homerun, but the Yankees and Mets have definitely moved closer towards winning the game. The Empire State Development Corporation signed off on financing that would fund the construction of a Yankee parking lot and upgrade infrastructure and parking around a new Mets stadium in Flushing.

Yankee Stadium To Face Critical Vote

Monday, March 27, 2006 | Newsday.com | Topic: Economic Development

The New Yankee stadium will soon face a critical vote by the City Council Land Use committee by April 5th. If the stadium gets the thumbs up, opposition group, Save Our Parks is prepared to sue.

Ballpark or parkland? Vote due on new Yankee Stadium

Sunday, March 26, 2006 | Newsday.com | Topic: Economic Development

On Tuesday a City Council subcommittee will be holding a public hearing on the proposed Yankee Stadium: opponents hope to use this forum to convince officials that the plan is a mistake for a variety of reasons.

70 Million In Taxes To Fund Yankee Stadium Parking

Friday, March 24, 2006 | Newsday.com | Topic: Economic Development

The Empire State Development Corporation’s board has approved an allocation of $70 million in taxpayer money to build a 4735 space parking structure that would serve the New Yankee Stadium.

A Sweeter Deal Leaves Bad Taste for Some Bronx Residents

Thursday, March 23, 2006 | NY1 | Topic: Urban Design & Architecture

In an effort to gain the acceptance of Bronx residents, the New York Yankees are proposing a $28 million contribution to a trust fund for the community around the area of the planned new stadium. Other offerings, such as free tickets, paid maintenance of near by parks and the donation of equipment for schools, haven’t phased some Bronx residence that see the deal sweetener as a bribe. In the face of losing 22 acres of city-owned park space to a parking lot and a building that will tower over family homes, residence will have the chance to speak at a public hearing held by the Land Use Sub-Committee on March 28th. Voting for the new Yankee Stadium plan will be held on April 5th.

Yankee Stadium Critics Complain

Wednesday, March 22, 2006 | Other | Topic: Economic Development

Critics of the proposed Yankee Stadium complain that they were not consulted along the way. While some in the community support the new stadium others feel that the Yankees community initiatives lack substance.

Yankee Stadium And Mass Transit

Wednesday, March 22, 2006 | | Topic:

If a New Yankee stadium is to be built, a core component of the plan should include a subway station. Being able to attend a sporting event via the subway is part of what makes New York the city that it is.

Yankee Stadium and The Parks That Need To Be Replaced

Tuesday, March 21, 2006 | Gotham Gazette | Topic: Economic Development

New York common law requires parkland to be replaced by new parkland of equal or greater value. While the parks department insists that its plans to compensate residents for parkland lost due to the construction of a new Yankee stadium is sufficient there are others who disagree.

Lots of Dollars: Little Sense

Sunday, March 19, 2006 | Other | Topic: Economic Development

Economists are nearly unanimous in the opinion that cities get very little from public spending on new arenas, so why does the money flow so freely? The answer, according to the same economists, is based on politic influence and an irrational tendency known as "fandom."

Stadium Funds to be Examined

Friday, March 17, 2006 | Metro New York | Topic: Finance

City Council member David Weprin, chairman of the finance committee, intends to hold hearings into the funding plan for the new Yankees and Mets stadiums. The hearings, which will take place after approval of the land use plan, will examine the use of payments in lieu of taxes, or PILOTs.

City Financing For New Baseball Stadiums

Wednesday, March 15, 2006 | Other | Topic: Finance

The Yankees are to be issued $866 million in tax-exempt bonds and $64 million in taxable bonds. The Mets are to be issued approximately $528 million worth of tax-exempt bonds and $104 million in taxable bonds for a new stadium in Flushing Queens. Play ball!

Agency Approves Assistance for Yankees, Mets Stadiums

Wednesday, March 15, 2006 | Other | Topic: Economic Development

The New York City Industrial Development Agency has given preliminary approval for financing assistance for new stadiums for the Yankees and Mets. The agency will issue about $930 million in bonds for the Yankees' venture, while $632 million will go to the Mets.

Yankees, Mets Stadiums Proceeding Quicker Than Others

Tuesday, March 14, 2006 | | Topic: Economic Development

Plans for new facilities for the Yankees and Mets are moving through the review and approval process at a quicker pace than efforts for the Jets and Nets, worrying those who believe the developments need more time for public debate.

New Yankee Stadium Gets Approved by Panel

Thursday, February 23, 2006 | NY1 | Topic: Economic Development

Under a plan approved by the City Planning Commission the Yankees would pay $800 million in construction costs while the city would help fund the infrastructure. Opponents of the unanimously approved proposal fear that it will bring too much traffic into the neighborhood. The next step is a full City Council vote.

Watchdog Group Opposes New Yankee Stadium

Tuesday, February 07, 2006 | NY1 | Topic: Economic Development

While the Yankees will cover the $800 million tab for the new stadium, Good Jobs New York says once subsidies are factored in, the project would cost taxpayers $480 million – more than double what has previously been suggested.

Yankees President Promises Jobs For Borough Residents

Wednesday, February 01, 2006 | NY1 | Topic: Economic Development

While attending a Chamber of Commerce luncheon, Yankees president Randy Levine was trying win over business leaders and drum up support for tearing down the old stadium and building a new $800 million ball park across the street.

A service of the Furman Center for Real Estate and Urban Policy at New York University

A capstone project of the Robert F. Wagner Graduate School of Public Service

Feedback

Community District

All Projects

QUICK LINKS

Yankee Stadium Construction