Yankee Stadium and the Replacement Parks – Time and Cost Rise(Recycled Entry)

I’ve wanted to write more about Yankee Stadium (and I will). For the moment, here’s a still-relevant recycled post from May 25th: Time and Cost Rise for Yankee Stadium Parks in the South Bronx.

Excerpt:

The Bronx lost part of John Mullaly Park (18.5 acres) and ALL of Macombs Dam Park(28.4 acres). Yes. ALL. of. this. park. (and part of another) was given away in the Bronx so that the Yankees, a private corporation, could build their new stadium there. It tells you something about the climate in our city under CEO Mayor Bloomberg that this idea was initiated – and achieved.

As the [New York Times] article notes, “The stadium is being financed by the Yankees with city subsidies, while the eight new parks for the South Bronx, which range in size from .24 acre to 8.9 acres, are being paid for by the city.” (We give away 2 parks to a private corporation and the City pays to rebuild them.) The cost is now projected to be $174 million; the original estimate was $95.5 million.

[Timothy] Williams writes: “Some residents have been critical of the trade-off. While Macombs Dam and Mullaly Parks were almost contiguous stretches of grass and trees amid the concrete topography of the South Bronx, the replacement parks are small parcels scattered around the area. The sites include sports fields atop a planned stadium parking garage and a park along the Harlem River, which is on the opposite side of the Major Deegan Expressway.”

Read the full entry here.

Leave a comment

2 Comments

  1. Colin

     /  September 23, 2008

    That $175 million will be more than made-up-for by the 15 or so minimum wage jobs that this project will create.
    Simple economics. Hum. Drum.

  2. Tara

     /  September 28, 2008

    Hahaha, Colin! So true.

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