Is Yankee Stadium’s Rough Start Bad Karma?

Today’s Wall Street Journal takes an intense look at the new Yankee Stadium with an article entitled, “Yankee Stadium’s Ugly Start : Cheap Home Runs, Empty Seats and Lopsided Losses Have Some Asking, ‘Can a Stadium Fail?‘” It’s a well done piece which looks closely at what (overall) make a stadium succeed. However, the article does not mention the destruction of one and a half Parks in the green-space challenged South Bronx or the axing of the 400 trees in the creation of the new Yankee Stadium. Or the fact that the team could have just played elsewhere for a year and then rebuilt on the site of the former Stadium (as had been done in the past) but that would not happen in Mayor Michael Bloomberg’s New York because corporations are not supposed to encounter any difficulty or inconvenience. Just every day people.

From the article:

The new Yankee Stadium has seemed cursed from the beginning, as if Babe Ruth disapproved of the abandonment of the house he built. That it opened during a recession, with a major-league-high $72.97 average price for a nonpremium ticket (up 76% over 2008, according to Team Marketing Report) has created contempt among fans who otherwise love the team. “They don’t have a good enough team to charge those prices,” says 35-year-old fan Jeff Burrows of Brooklyn, who toured the park recently with his father. “They’ve made almost every mistake you can make,” says Roger Noll, a professor of economics emeritus at Stanford. “There’s nothing that’s been as unpopular as this.”

And then… who pops up at the end of the article? NYU President John Sexton, no stranger to destruction of old, charming and neighborhood-oriented New York.

Some Yankee fans are optimistic. John Sexton, president of New York University and a longtime season-ticket holder, says the park isn’t perfect — he wishes Monument Park weren’t so hidden from view. Still, he says, “In five years we may be looking back on this and saying we’re glad we did it.”

Previous WSP Blog Entry: Play Ball: How New York City Destroyed Two Bronx Parks

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