This was dirt a year ago
this was the bid we didn’t want to win
this is an actual stadium in NYC being started and finished while we lack an official announcement on anything
View attachment 10967
Google Maps tells me this isn't in New York City...
This was dirt a year ago
this was the bid we didn’t want to win
this is an actual stadium in NYC being started and finished while we lack an official announcement on anything
View attachment 10967
Google Maps tells me this isn't in New York City...
I happen to thin the design for the new belmont arena is really cool; it just isn't yet complete....exactly. Belmont is way out there. Even if there was a state of the art stadium there for us, I would probably cancel my season tickets and attend a game once in a blue moon. way too far and too much of a hassle to even try.
plus, look at that thing. U-G-L-Y.
Quick blurb from Brad in the city member season recap email. Same old stuff it seems lol
View attachment 10971
Because secretly, the deal is done so for now it is the formal name!Why is it "the Stadium" and not just "the stadium"?
With covid and all that i'm almost entirely confident it's notSoriano promised by year-end, so it’s coming soon.
Well, it does not sound like there has been any progress on the stadium since earlier this year. The City: Yankee Stadium Parking Lot Woes Block Soccer Field Goal, Cost Taxpayers Millions (12/7).
The part of this article that is new to me is a July letter from a Yankees lawyer to the bank that is trustee for the parking lot bondholders, pointing the finger at the parking company. I don't recall if the EDC's threat to terminate the parking lot lease is new or not (quickly checked a couple of the Outfield stadium articles and didn't see it mentioned). Also since the February NYT article, the Bronx community board district manager and CM Ayala's office are quoted as saying they haven't heard or seen anything

Yes, that section is both new, and troubling (and a bit mysterious) as the reasons why the Yankees are blaming the parking company are not provided.The part of this article that is new to me is a July letter from a Yankees lawyer to the bank that is trustee for the parking lot bondholders, pointing the finger at the parking company. I don't recall if the EDC's threat to terminate the parking lot lease is new or not (quickly checked a couple of the Outfield stadium articles and didn't see it mentioned). Also since the February NYT article, the Bronx community board district manager and CM Ayala's office are quoted as saying they haven't heard or seen anything
I took that away from the article also, but it makes no sense. The garage owners can't possibly get anything out of this. When the garage(s) get bought, first in line are debtors: the bondholders have first priority, then the government for back taxes owed. The last people to get any payment, as with any insolvent entity, are the actual owners. I don't see how the garage ownership can expect that a deal would either (1) pay so much that the bondholders and government are both paid in full with money left over, or (2) bypass these clear rules of priority and grant anything to the garage owners even though the bondholders and government are not paid in full.Bronx Garages appear to believe they have hold up value - i.e. they can threaten to scuttle the deal unless they get some kind of sweetener.
I’d be interested in SoupInNYC take on this
I think its perhaps along the lines of what sbrylski laid out above.I’d be interested in SoupInNYC take on this