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November 4, 2006
Yankees Say: Not So Fast
The Real Estate's Matthew Schuerman says the 'community' hasn't seen it's 'benefits' yet from the Yankee Stadium CBA...
In April, Bronx City Council Members, the Bronx Borough President Adolfo Carrion and the Yankees agreed to a "community benefits program" in return for City Council approval of the new stadium. The agreement stipulated that the signatories would form a construction advisory committee to oversee building and would meet "not less than once a month ... for the duration of the project." Bid packages for minority and locally owned contractors would be prepared "as soon as practicable." Plus, a "fund advisory panel" was supposed to be established "upon the commencement of the project" which would govern a nonprofit in charge of doling out $800,000 donated by the baseball team annually."From our point of view, this stuff should be further along than it is," said Geoffrey Croft, president of NYC Park Advocates, explaining that the Yankees had no trouble getting construction underway quickly. (Macombs Dam Park and part of Mullaly Park, where the new stadium will go, are now closed off, and it will take years to build their replacements.)
Posted by amy at November 4, 2006 11:56 AM