Back when New Yankee Stadium was built, the team demanded that the city build parking garages to house 9,000 cars. Never mind that the ballpark is right next to a train station.
But the city agreed, issuing tax-exempt bonds to cover the costs plus subsidizing the garages to the tune of $100 million on top of that. Now those bonds are likely going into default, reports the New York Daily News:
Bronx Parking Development LLC failed to make a $6.9 million payment due April 1 on more than $237 million in tax-exempt bonds arranged by the Bloomberg administration back in 2007.
The group, which is not connected to the Yankees, thus fell into one of the biggest defaults of a New York City-sponsored bond in decades.
Sounds like this will lead to a city bailout or a bankruptcy, leaving the bondholders and/or taxpayers holding the bag.
Just another fabulous example of what happens when the government does favors for sports teams and all common sense is thrown out the window. And when the recipients of those funds try to gouge the hell out of customers, charging them some $35 to park, which rendered the garages half empty most of the time.
How hard is it to tell a billion dollar business like the Yankees to build their own parking garages if they want them so bad?
The World Series is often played in near winter-like conditions. The 2008 Series was interrupted by a snowy, wintry mix. The 2012 World Series games in Detroit dipped into the 20s. It’s not uncommon to see players wearing balaclavas and other winter gear during the so-called “Fall Classic.”
Not this year, though. Indeed, this year we’re likely to see record high temperatures for Games 1 and 2 at Dodger Stadium.
As of this moment, WeatherUnderground.com forecasts a high in Los Angeles of 101 degrees for today’s World Series Media Day and highs of 102 and 98 for Games 1 and 2, respectively. First pitch for both games is just after 5PM Pacific time, when the sun will still be blazing. The sun will set about an hour or so in to the game which should cool things off somewhat, but the heat will definitely impact pregame workouts and the early innings. Fans showing up three or more hours before first pitch will do well to prepare themselves for the elements.
The hottest World Series game on record came in Phoenix for Game 1 in 2001 when the mercury stood at 94 degrees at game time. That year Major League Baseball unwisely demanded that the Chase Field roof be left open for the Diamondbacks-Yankees tilt. If there is a Game 6 and/or 7 things will be nicer as the long range forecast shows temperatures in the low 70s by then.
Hydrate well, Dodgers and Astros. Those of us watching from cooler temperatures and/or the comfort of our air conditioned homes will feel really bad for you.