Willets Point from Citi Field. Image: Wiki Commons.
The city and developers have filed preliminary plans to pave a 6.5 acre stretch of city land for 665 parking spots, Crains reports. The economic development site within the industrial neighborhood of Willets Point, in Corona, Queens also known as the Iron Triangle was slated for a cleanup of its toxic soil and the creation of affordable and senior housing, plans which resulted in the demolition of a cluster of small businesses.
Photo courtesy of Bill Cotter/worldsfairphotos
On April 28th and 29th CitiField will be transformed into a modern, food-centric take on the 1964 New York World’s Fair. The World’s Fare wants guests to experience “diversity through cuisine,” which they’ll accomplish with 100+ food vendors from more than 100 cultures (there will also be an international beer garden, live music, and art), and now Eater has the scoop on the first 50 of these participants, which includes old-time Jewish bakery Orwashers, social venture and Bengali pop-up Jhal NYC, Japanese vegetable pancake purveyor Oconomi, Australian restaurant the Thirsty Koala, and Brazilian chocolate shop Brigadeiros.
Photo courtesy of Bill Cotter/worldsfairphotos
Experience “diversity through cuisine” at CitiField this spring at an event paying homage to the iconic 1964 New York World’s Fair. Dubbed the World’s Fare, the event will feature over 100 food vendors from more than 100 cultures, as well as live music and art (h/t QNS). Highlights include an international beer garden that will offer tastings of 80 craft beers from 45 breweries and exhibits of LEGO Art and 4-D drawings.
Yesterday, 6sqft took a look at a Brookings institute study that showed three New York City sports stadiums–Yankee Stadium (the most expensive of all in the country), Citi Field, and the Barclays Center–have received $867 million in direct and indirect federal subsidies. This resulted in the loss of $3.7 billion in government revenues since 2000, due to “lost tax revenue from issuing exempt bonds and the indirect proceeds high-income bond holders receive.”
Because of this drain, the authors of the study advocate that stadiums should not be eligible to receive tax-exempt bonds, especially since they claim “there is little evidence that stadiums provide even local economic benefits.” But not everyone agrees, likening stadiums to other public enterprises like parks. And, at least as pertains to the stadiums in New York, these venues host other community events aside from ticketed sports games. Which side are you on?
A recent Brookings institute study shows that federal government subsidies of big-ticket sports stadium construction are essentially money down the drain, The Real Deal reports. Three New York City stadiums–Yankee Stadium, Citi Field (both completed in 2009) and the Barclays Center–have accounted for a significant portion of these subsidies in the form of tax-exempt bonds, which have resulted in the loss of $3.7 billion in federal government revenues since 2000.
Images: Tim Dodd cooking (left), 123 on the Park interior (right)
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