A report released on Thursday has dropped a bombshell on everyone who likes to drive to Yankee Stadium: It’s going to cost $25 to park in the new lots when the new stadium is open.
The Real Estate, a blog run by The New York Observer, has more:
If you must drive to Yankees games, you might as well stash your car in the bleachers. A city economic development official said today that it would cost $25 a car to park in one of the official garages at the new Yankee Stadium. The estimated cost of building new, more and better parking spaces to accompany the new stadium went up 13 percent to $295 million just since April, when the tax-exempt bond issue first appeared before the city’s Industrial Development Agency for approval, according to application materials.
The city’s economic development agency thinks that patrons will nonetheless pony up. While officials had been modeling revenues based on $20 to $23 a car this spring, they modeled $25 to make the higher cost pay for itself, according to the official, who spoke on condition of anonymity. Currently, fans pay $14.
According to the report, this increase is due to inflation and an increased demand on behalf of the investors for the construction company to cover debt payments. Risings costs and inflation, eh? That’s fairly unsurprising.
This news also bodes ill for those of us holding out for affordable tickets at the new Yankee Stadium. If parking is going to cost $25, how much will bleacher seats cost, let alone anything else in the stadium.
Meanwhile, when 2009 rolls around, my suggestion is to utilize the new Metro-North stop or take the subways. It sure beats paying for gas, tolls and $25 parking.