Plans for new Yankee stadium appear to clear another hurdle

? Plans for a new Yankee stadium in the Bronx has one city agency excited, while the City Council is stalling a decision on the issue. The Industrial Development Association (IDA) held a hearing Thursday

News 12 Staff

Mar 10, 2006, 12:02 AM

Updated 6,617 days ago

Share:

Plans for new Yankee stadium appear to clear another hurdle
? Plans for a new Yankee stadium in the Bronx has one city agency excited, while the City Council is stalling a decision on the issue.
The Industrial Development Association (IDA) held a hearing Thursday to evaluate whether to issue $9 to $30 million in bonds to the team to construct the stadium. The taxpayer-backed bonds would be a loan, which the Yankees would have to repay. Bronx resident Margaret Collins is against the proposal, which she says characterizes corruption and ?environmental racism.? Supporters like D. Lee Ezell feel the stadium represents ?unprecedented opportunity for the community.? Spectators at Thursday?s meeting say the IDA appears to agree that the stadium?s benefits would outweigh the negatives.
The IDA will vote on whether to issue the bonds on March 14. The City Council, which has delayed its hearing, has until April 5 to evaluate the proposal.
Related articles:Metro-North may put station at proposed new Yankee StadiumPlan for new Yankee Stadium rounds its way to homeplate


More from News 12
1:46
Program helps NYCHA Eastchester residents to decide redesign, redevelopment of their homes

Program helps NYCHA Eastchester residents to decide redesign, redevelopment of their homes

2:40
Sunny start before cloudy Sunday afternoon for the New York City metro area

Sunny start before cloudy Sunday afternoon for the New York City metro area

1:52
New cannabis dispensary opens In Mott Haven

New cannabis dispensary opens In Mott Haven

1:56
Brownsville hosts Power in the Pen event

Brownsville hosts Power in the Pen event

0:28
Man who set himself on fire outside Trump trial dies of injuries, police say

Man who set himself on fire outside Trump trial dies of injuries, police say

1:48
Suspect in fatal Morris Heights stabbing arrested, held without bail

Suspect in fatal Morris Heights stabbing arrested, held without bail

Knicks beat 76ers 111-104 in Game 1 of playoffs. Brunson and Hart score 22 points and backups star

Knicks beat 76ers 111-104 in Game 1 of playoffs. Brunson and Hart score 22 points and backups star

1:17
Police: 40-year-old man fatally shot in East Flatbush

Police: 40-year-old man fatally shot in East Flatbush

1:19
NYPD: Multiple people stabbed on boat at Pier 4 in Sunset Park

NYPD: Multiple people stabbed on boat at Pier 4 in Sunset Park

0:35
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck

Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck

1:13
CDC: Children ER visits increased last 3 years for accidental Melatonin ingestion

CDC: Children ER visits increased last 3 years for accidental Melatonin ingestion

2:08
Bronx mother sheds a light on the importance of being an organ donor

Bronx mother sheds a light on the importance of being an organ donor

1:51
Beeping egg hunt in Williamsbridge allows visually impaired students to enjoy spring pastime

Beeping egg hunt in Williamsbridge allows visually impaired students to enjoy spring pastime

0:40
Authorities: Bronx River Parkway crash leaves 1 person dead, another in critical condition

Authorities: Bronx River Parkway crash leaves 1 person dead, another in critical condition

1:07
$500 million to go toward boosting early childhood education in the city

$500 million to go toward boosting early childhood education in the city

1:02
Gov. Hochul outlines new plan to crack down on illegal marijuana sales

Gov. Hochul outlines new plan to crack down on illegal marijuana sales

1:58
Man set on fire after argument with another man in Melrose, NYPD says

Man set on fire after argument with another man in Melrose, NYPD says

2:38
Bronx family recalls moments leading up to 19-year-old son's death in Morris Heights

Bronx family recalls moments leading up to 19-year-old son's death in Morris Heights

1:39
Have any weekend plans? See what's happening across the Bronx for Earth Day

Have any weekend plans? See what's happening across the Bronx for Earth Day

0:26
Bronx's Jennifer Lopez honored with Premio Orgullo at Latino benefit event

Bronx's Jennifer Lopez honored with Premio Orgullo at Latino benefit event