Critics cry foul over subsidies for Yankees garage

Some Bronx residents are questioning the possible use of tax-free bonds to fund new parking structures for the new Yankee Stadium. Critics of the project addressed the Industrial Development Agency (IDA)

News 12 Staff

Sep 6, 2007, 11:16 PM

Updated 6,123 days ago

Share:

Some Bronx residents are questioning the possible use of tax-free bonds to fund new parking structures for the new Yankee Stadium.
Critics of the project addressed the Industrial Development Agency (IDA) with their concerns regarding the construction. The IDA is facing a vote on whether to fund the parking garages with triple tax-exempt bonds. If subsidizing is approved, the Bronx will not see any tax income from the construction.
Residents living near the site of the stadium have already been complaining about a lack of recreational space and pollution, according to Save Our Parks. Other opponents to the project believe the tax dollars should be spent on increased subway lines to promote use of public transportation to the ballgames.
News 12 The Bronx received no reply from IDA officials regarding how the construction can be considered a non-profit subsidized project.


More from News 12
0:26
Poughkeepsie man convicted of kidnapping, attempted robbery of pregnant woman and children

Poughkeepsie man convicted of kidnapping, attempted robbery of pregnant woman and children

2:32
Nice today but hot and more humid weather is on the way

Nice today but hot and more humid weather is on the way

1:21
Police: 2-year-old boy stuck by minivan seriously injured in Ramapo, 5th child struck this year

Police: 2-year-old boy stuck by minivan seriously injured in Ramapo, 5th child struck this year

0:23
News 12's Blaise Gomez voted Best of Hudson Valley magazine's 'Best News Anchor' for second year in a row

News 12's Blaise Gomez voted Best of Hudson Valley magazine's 'Best News Anchor' for second year in a row

3:47
White Plains doctor: Get a checkup during National Men’s Health Month

White Plains doctor: Get a checkup during National Men’s Health Month

2:28
USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

1:10
Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

2:01
Indian-American fans torn between nations as Cricket World Cup wraps up in Nassau

Indian-American fans torn between nations as Cricket World Cup wraps up in Nassau

0:46
Police seek help finding missing woman with autism in Hartsdale

Police seek help finding missing woman with autism in Hartsdale

0:24
5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

0:30
Transit Alert: Bee-Line Bus service changes coming Monday

Transit Alert: Bee-Line Bus service changes coming Monday

0:17
Firefighters quickly extinguish blaze in Mount Vernon building

Firefighters quickly extinguish blaze in Mount Vernon building

0:31
NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

0:37
Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

2:15
New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

2:28
USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

1:28
Garden Guide: This is why your plants are blooming better than usual this year

Garden Guide: This is why your plants are blooming better than usual this year

2:06
Kingston tenants call for rent freeze

Kingston tenants call for rent freeze