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?
Not a surprise, but a news item on a slow news day is a news item on a slow news day: Diamondbacks manager Torey Lovullo has named Zack Greinke as the club’s Opening Day starter.
Greinke’s first season with the Diamondbacks is not exactly what the club hoped for when he signed a six-year, $206.5 million deal in December of 2015. He dealt with oblique and shoulder issues while struggling to a 4.37 ERA over 26 starts. Greinke hasn’t pitched yet this spring, but will make his spring debut on Friday. He and the club are obviously hoping for a quiet March and a strong beginning to the season.
Either for its own sake or to increase the trade value of a player who was acquired by the previous front office regime.
A new website has launched. It’s called “La Vida Baseball,” and it’s all about celebrating the past, present and future of Latino baseball from a Latino perspective.
The site, produced in partnership with the Hall of Fame, has four general areas of focus:
- Who’s Now: Focusing on current Latino players;
- Who’s Next: Focusing on top prospects here, in the Caribbean and in Central and South America;
- Our Life: Off-the-Field stuff, including player’s lives, lifestyles and hobbies; and
- Our Legends: Focusing on Latino baseball history, Hall of Famers and overlooked players.
As the site has just launched there aren’t yet a ton of stories up there, but there is one about Roberto Clemente, another about Felix Hernandez and some other stuff.
The site is much-needed. Baseball reporters for American outlets are overwhelmingly white, non-Spanish speakers. Reporters, who, generally, gravitate to the players who are the most like they are. Which is understandable on some level. When you’re writing stories about people you need to be able to communicate with them and relate to them on more than a mere perfunctory level. As such, no matter how good the intentions of baseball media, we tend to see the clubhouse and the culture of baseball from a distinctly American perspective. And we tend to paint Latino players with a broad, broad brush.
La Vida Baseball will, hopefully, remedy all of that and will, hopefully, give us a fresh and insightful depiction Latino players and their culture.