|
|
Article: Stadium plans gain ESD approval.
- Article from:
- Real Estate Weekly
- Article date:
- April 5, 2006
CopyrightCOPYRIGHT 2006 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Empire State Development Chairman Charles A. Gargano has announced ESDC board approval for redevelopment plans for both Yankee and Shea stadiums.
The Yankees and Mets will finance their new facilities with tax-exempt and taxable bonds with the state contributing to infrastructure upgrades for Shea Stadium, including surface parking; and the construction of new parking facilities for Yankee Stadium.
The city will be contributing toward necessary infrastructure improvements at both Shea and Yankee Stadiums, and toward parkland replacement and amenities for the Yankee Stadium area.
In January 2006, the ESDC board announced approval for the ...