Park replacement costs skyrocket

I wonder how Kobe feels about this ...
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According to a recent study by the city’s Independent Budget Office, the City of New York will have to pony up nearly $80 million more than originally expected to replace the 22 acres of parkland lost to the new Yankee Stadium. This project will now cost around $195 million. Who would have guessed?

Crain’s Daniel Massey has more:

Design revisions, project additions, unanticipated cleanup of hazardous materials and construction inflation have driven costs up by $78.6 million, the report said. While the Yankees are financing the stadium — with the help of city and state subsidies — the parks are being paid for by the city.

“The city pledged to provide new recreational facilities of equal or greater fair market value to those displaced,” the report said. “Since the plans were announced, the costs of these projects have risen significantly.”

[snip]

According to the original 2005 estimate, the cost of the replacement parks was projected to be $116.1 million. But design revisions and the addition of new projects have added $30 million to the cost. Unanticipated hazardous waste cleanup and environmental remediation cost an extra $7.6 million, and additional site work and safety increased costs by $10.9 million. A greater-than-expected rise in construction costs accounted for $7.6 million of the increase, while construction delays added $6.2 million.

The factors driving the remaining $16.3 million cost increase are not yet clear because portions of the project are still out for bid, the report said.

Furthermore, the replacement parks project won’t be complete until 2011 at the earliest, nearly a year behind schedule. Joyce Hogi of the Bronx’s CB4 isn’t happy. “The kids that played in these parks will be adults and parents by the time we get the replacements,” she said to Crain’s.

In the end, this is of course no different from countless other city projects. Along Second Ave., the long-awaited Second Ave. Subway has run into countless delays and budget problems, the Atlantic Yards and Hudson Yards projects are a mess, and even the Fulton St. Hub, part of the Lower Manhattan post-9/11 redevelopment plan is stuck in neutral.

This one is, of course, on the city and not the Yankees. But it is a prime example of bad planning. The area needs these parks, and it’s a shame they won’t be ready on time.

I wonder how Kobe feels about this ...
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  • ????

    Alternate Interior Angles.

  • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Ridiculous Upside

    I’m still waiting for someone to tell me how replacing a grassy block of Macombs Dam Park with an astroturf soccerfield on top of a parking garage is either A) safe or B) wise.

    • A.D.

      its all supervised, nothing to worry about

    • Should be working

      Random question, how far have you gotten with your fantasy champion campaign? Haven’t seen one in awhile.

      • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Ridiculous Upside

        It’s lurking in the tall grass like a mighty predator, ready to pounce on any unsuspecting gazelle at the watering hole at any moment.

    • Chris

      I’d rather have the soccer field on top of the garage than underneath it.

  • pat

    Theo would have gotte the parks done last year and at a hometown discount.

    • Mike Pop

      While saving 24 mensas’ from a burning building with one arm tied behind his back.

  • Januz

    There is little doubt that all phases of goverment are broken. And all parties are to blame (From Bush to Congress to Albany to Bloomberg, and it has been that way for decades). Another example of total waste is the costs involved in the Brooklyn Bridge Park (A $189,000 per acre subsidy).
    People complain about Yankee Stadium and to a lesser degree Citi Field, but at least they are being completed (Unlike the previously mentioned projects, and many others which fell off the drawing board (Remember the BILLION DOLLAR Police Academy for Queens?)).
    I am tired of the Joyce Hogi’s, and Develop Don’t Destroy Brooklyn’s of this world, who complain about the Yankees, and Nets and offer no alternatives (Except the status quo) to offer to the discussion. There is so much discussion about parks, yet, there has not been a major one built in Brooklyn in a Century. Why is that? It could not have anything to do with NIMBY’s Like Develop Don’t Destroy Brooklyn could it?

    • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Ridiculous Upside

      I’m like a billion percent positive that Develop Don’t Destroy Brooklyn would not object to a park being built in Brooklyn.

  • Eric

    Januz,

    That’s the most absurd argument I’ve ever heard.

    No alternatives? How about:

    a) let the Yankees keep playing in the original Yankee Stadium, where they were drawing 4 million+ a year while remaining the most valuable sports franchise in the U.S.

    b) let the Yankees rebuild Yankee Stadium on the same site, at their cost, while they played their home games Shea/Citi Field, as they did last time they renovated the Stadium. Why shouldn’t they pay for it themselves? This argument that the new Stadium will benefit the people of the Bronx is belied by the fact that the Yankees presence in the Bronx has done nothing for the community around the Stadium for 80 years.

    c) the UNITY Plan (unityplan.org), a community-created alternative for developing Brooklyn’s Vanderbilt Railyard (and not using eminent domain) which served as the basis for Extell Development’s bid for the Yard (which was higher than Ratner’s by $50 million even after Ratner was given 45 extra days to negotiate with the MTA.

    I’m sure we’d be happy to see the railyard platformed for an eight-acre park, too, but our ruling class would rather help the Ratners of the world than the working people of New York City.

    To say that folks like Joyce Hogi or DDDB are keeping parks from being created is just plain ignorant. What’s keeping parks from being created is that far too much money goes to entities like the Yankees and Ratner and the Mets, with little or no return to the taxpayers.

    • Januz

      I read the unity plan and it consisted of 100% public housing. That was put out for propaganda purposes, not for a serious alternative. No matter what anyone thinks of Ratner, he should not be forced to turn his property into projects. I wonder if Daniel Goldstein wants his condo turned into projects (Like they did with Ebbets Field and the Polo Grounds (Come to think of it, why don’t they tear down those projects and create parkland?)).
      I am willing to trust in Steinbrenner and Ratner to come up with a decent project, before politicians and interest groups who gave us the above mentiomed projects and mega-waste.

  • Januz

    I know that I am the number one cheerleader on this board for the New Yankee Stadium, and my pro-Yankee/free market bias is not exactly well hidden. That said, I have to say that this new argument that the Yankees have been bad neighbors for 80 years is disgusting (I would expect that from Lupica (Even Gammons does not go that far)). First off, what is overlooked, is they stayed , instead of moving to Jersey (Unlike the Giants). Perhaps critics would have enjoyed the Yankee PROJECTS (Like that wonderful complex on the other side of the Macons Dam Bridge, also known as the Polo Grounds?) Next, the most valuable franchise is the Dallas Cowboys, not the Yankees (You need to get facts right). Next, when they moved to Shea for two years, the results were not good (Including stripping the frieze, and changing the dimensions of the stadium). Finally, I wonder where the Bronx would resonate throughout the other 49 States, without this team (Not to mention the loss of tax revenue and investment)? I say it would not be positive.

    • Eric

      Get your facts straight? What about you? (By the way, according to Forbes, the Redskins are the most valuable, Cowboys 2nd, Yankees #1 baseball team).

      You didn’t read the UNITY Plan too closely; its goal is 60% affordable housing, probably not doable, but a goal. Your use of the word “projects” is pejorative.

      As for your “free-market bias,” what about the huge subsidies to the Yankees and Ratner is free market? Not even close. Free market would be if they paid for their buildings, rather than relying on massive handouts.

      And praising the Yankees for remaining in New York? Are you kidding? Do you think the team would be as valuable outside of New York City? Not a chance. A free-marketeer like you ought to know that. There’s no comparison between a team playing eight home games a year on Sunday afternoons vs. one playing 81 home games, the majority at night.

      And if you’re worried about the old frieze, I’m not sure how you can support tearing down the whole stadium for a new one.