Tuesday, June 14, 2011

6-14-11: Loewenstein and Yankee Stadium

About hiring a special prosecutor in Stuyvesant to go after me.

About the town's million dollar garage.

Reuters on Yankee Stadium:

William Loewenstein, president of the Community Initiatives Development Corp., the nonprofit parent of Bronx Parking Development Co., based in Hudson, New York, about 100 miles (160 kilometers) north of the Bronx, didn’t return a call seeking comment.

“The nonprofit parent of Bronx Parking Development Co. based in Hudson, New York” – why would a nonprofit in rural Columbia County be in control of the parking garages at Yankee Stadium? Dig a little deeper and you’ll find the nonprofit is a husband and wife operating from their home. But the story gets much better. From the New York Daily News in 2008 (emphasis mine):

The group that received $237 million in city-sponsored bonds to build garages and parking lots at the new Yankee Stadium is hardly an all-star of public financing.

Bronx Parking Development LLC lists as its “sole member” the nonprofit group Community Initiatives Development Corp., which defaulted on two previous tax-exempt bonds in the past 10 years, records show.

"From the Claverack, N.Y. office territory: Carl Cole, Jr., of Roxbury, Conn., will attend Paul Smith's College where he will study forest technology."

Orphan Asylum 1882 Hudson.

Total Eclipses for each of the Sun & Moon are more common than: the summer Olympics, Presidential Elections, and Jury Duty.

One's coming up and we'll miss it.

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