Posts Tagged Stadiums


Colorado Stock Show Wants Bucks to Sprawl

[caption id="attachment_2164" align="alignright" width="240" caption="The location of the future Gaylord convention center complex."]


Money Losing Arenas Cause a Big Headache for Small Cities

It’s well known that big cities frequently get snookered into using taxpayer funds to build professional sports stadiums and convention centers that turn out t


Bondholders of Yankee Stadium Garage Bonds Get Extra Innings

The April 1 deadline for the Bronx Parking Development Corporation to get its act together is no prank. Thanks to a glut of parking space at the new – subsidized to the hilt - Yankee Stadium, the parking garages, also subsidized to the hilt, have gone so unused the owners are struggling to pay its bondholders. It was widely reported that the $237 million in private activity bonds to finance the garage were going to default at the end of next week. However, today Juan Gonzalez at the Daily News reports that directors at the firm agreed to dip into its debt reserves (again) to pay the bondholders as well changes to its operations, like getting approval for expenses from an appointee chosen by the bondholders.
We can’t say New Yorkers didn’t see this coming.


Report Documents Proof of Low-wage Employment at NYC Subsidized Projects

This week, Good Jobs New York, along with the Fiscal Policy Institute and the National Employment Law Project, released a report highlighting how New York City economic development policies often support low-wage jobs.