Comments on: Today’s Headlines http://www.streetsblog.org/2007/04/06/todays-headlines-131/ Covering the New York City Streets Renaissance Fri, 10 Feb 2012 16:07:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: 9000 spot BX garage http://www.streetsblog.org/2007/04/06/todays-headlines-131/comment-page-1/#comment-30539 9000 spot BX garage Fri, 06 Apr 2007 13:53:45 +0000 http://www.streetsblog.org/2007/04/06/todays-headlines-131/#comment-30539 Please Add: http://www.wnyc.org/news/articles/76789/ Developer Seeks Funds for Parking Garage Near Yankee Stadium WNYC Newsroom NEW YORK, NY April 05, 2007 —A Bronx developer is seeking $190 million in tax-exempt bonds from the city to build parking garages near Yankee Stadium. REPORTER: The group, the Bronx Community Initiatives Development Company wants to create more than 9,000 parking spaces near the new stadium scheduled to open in 2009. But at a public hearing today, Bronx activist Joyce Hogi testified that the garages are for seasonal use and would be a money-losing enterprise which wouldn't benefit the community. HOGI: I wouldn't put a dime in it and no self-respecting businessman would but we can hit up the taxpayer let's get them to do it and that's what's happening.... REPORTER: However, the company's proposal states that the garages would generate $57 million in tax revenues for the city. Also, officials state that garages will eventually be in demand year-around because of other economic development projects that are being planned. Please Add:

http://www.wnyc.org/news/articles/76789/

Developer Seeks Funds for Parking Garage Near Yankee Stadium
WNYC Newsroom

NEW YORK, NY April 05, 2007 —A Bronx developer is seeking $190 million in tax-exempt bonds from the city to build parking garages near Yankee Stadium.

REPORTER: The group, the Bronx Community Initiatives Development Company wants to create more than 9,000 parking spaces near the new stadium scheduled to open in 2009. But at a public hearing today, Bronx activist Joyce Hogi testified that the garages are for seasonal use and would be a money-losing enterprise which wouldn’t benefit the community.

HOGI: I wouldn’t put a dime in it and no self-respecting businessman would but we can hit up the taxpayer let’s get them to do it and that’s what’s happening….

REPORTER: However, the company’s proposal states that the garages would generate $57 million in tax revenues for the city. Also, officials state that garages will eventually be in demand year-around because of other economic development projects that are being planned.

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