Categorized | Newswire

Yankee Stadium car lots said to become affordable-home sites, Bloomberg

Two Yankee Stadium parking lots are slated to become sites for affordable housing and retail, a person familiar with the plan told Bloomberg.

The Bronx Parking Development Co., which issued the bonds, approved terms to lease the sites to two development firms to build between 550 and 600 units of apartments, plus about 45,000 square feet of neighborhood retail, said the person.

Income from parking has been short of projections even though the New York Yankees were second behind the Philadelphia Phillies this year in Major League Baseball attendance, with 3.65 million fans, according to the ESPN website.