As NYCFC’s potential stadium project in the South Bronx supposedly teeters at the edge of collapse, Chris Campbell talked to the parties involved and found out that the stadium is not quite dead.
This is wonderful work, Chris. I wonder why the Club would think threatening a stadium in Queens is a credible threat to NYC. I would assume NYC would be relatively indifferent between the Bronx and Queens and that the local governments in either borough have little ability to "outbid" the other.
It would be interesting to analyze the financial impact of those "phantom" parking spots is. If the lowered number will only exceed the new capacity on 4 days a year and the difference is generously 800 spots, the value to the Yankees of a max 800 spots x 4 days x $40 a spot is a max of $125k per year?
If they were $100 per game Super VIP spots (and they aren't, at least in those garages), the value per year is $325k? How is a low 6-figure annual number enough to scuttle a deal of this size?
This is wonderful work, Chris. I wonder why the Club would think threatening a stadium in Queens is a credible threat to NYC. I would assume NYC would be relatively indifferent between the Bronx and Queens and that the local governments in either borough have little ability to "outbid" the other.
It would be interesting to analyze the financial impact of those "phantom" parking spots is. If the lowered number will only exceed the new capacity on 4 days a year and the difference is generously 800 spots, the value to the Yankees of a max 800 spots x 4 days x $40 a spot is a max of $125k per year?
If they were $100 per game Super VIP spots (and they aren't, at least in those garages), the value per year is $325k? How is a low 6-figure annual number enough to scuttle a deal of this size?
This is wonderful work, Chris. I wonder why the Club would think threatening a stadium in Queens is a credible threat to NYC. I would assume NYC would be relatively indifferent between the Bronx and Queens and that the local governments in either borough have little ability to "outbid" the other.
It would be interesting to analyze the financial impact of those "phantom" parking spots is. If the lowered number will only exceed the new capacity on 4 days a year and the difference is generously 800 spots, the value to the Yankees of a max 800 spots x 4 days x $40 a spot is a max of $125k per year?
If they were $100 per game Super VIP spots (and they aren't, at least in those garages), the value per year is $325k? How is a low 6-figure annual number enough to scuttle a deal of this size?
This is wonderful work, Chris. I wonder why the Club would think threatening a stadium in Queens is a credible threat to NYC. I would assume NYC would be relatively indifferent between the Bronx and Queens and that the local governments in either borough have little ability to "outbid" the other.
It would be interesting to analyze the financial impact of those "phantom" parking spots is. If the lowered number will only exceed the new capacity on 4 days a year and the difference is generously 800 spots, the value to the Yankees of a max 800 spots x 4 days x $40 a spot is a max of $125k per year?
If they were $100 per game Super VIP spots (and they aren't, at least in those garages), the value per year is $325k? How is a low 6-figure annual number enough to scuttle a deal of this size?