Yankee Stadium parking garages near default

The owner of the parking garages for the new Yankees Stadium is expected to default on a $6.8 million interest payment on April 1.Last year,

THE BRONX - The owner of the parking garages for the new Yankees Stadium is expected to default on a $6.8 million interest payment on April 1.

Last year, the Bronx Parking Development said the 9,000-space facilities have been, at most, 60 percent occupied on game days, leaving it without enough cash.

Bronx Borough President Ruben Diaz said it's possible that one of the garages could be used as part of a new hotel that he's working to bring to the neighborhood. Other local leaders are pushing for the borough to consider other uses, like housing or commercial development, for the properties.

advertisement | advertise on News 12

Trending Video

The website Glassdoor released its latest list of 1 Word on the Street: Best place to work
2 VIDEO: 2 men rob Bronx deli workers at gunpoint
3 VIDEO: Suspect in Sheridan Avenue murder escorted by police
A stolen van slammed into a tractor-trailer on 4 NYPD: Fleeing driver slams stolen van into tractor-trailer
5 Bronx Sportscast, Dec. 6

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE