The Bronx is witnessing a period of remarkable economic revitalization.
From the Gateway Center at Bronx Terminal Market to the Mayor’s initiative to spur investment in the South Bronx, the past couple of years have brought unprecedented development to the borough.
Yankee Stadium is part of this historic rejuvenation.
Unfortunately, the extensive benefits of the stadium project to the people of the Bronx and to the city have been overlooked or not reported at all.
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Even a cursory examination of these benefits, though, demonstrates why the city committed to this project in the first place. It’s time to set the record straight.
Like the Yankees’ 26 world championships, the stats on this project are staggering.
- More than 6,000 mostly unionized construction jobs, with a quarter of the man-hours performed by Bronx residents.
- More than 1,000 new, mostly unionized permanent jobs. New and expanded park space.
- New parking garages that take cars off congested streets.
- A new Metro-North station.
- Plus, $40million in new tax revenue for the city, according to the analysis done when the project was approved. And the list goes on.
Nobody in his or her right mind would criticize these benefits. Read more..
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