Yankee Stadium Parking Operator Retains Bankruptcy Law Firm
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The operator of parking garages at the new Yankee Stadium, which haven’t generated enough revenue to pay $240 million in tax-exempt debt, has hired bankruptcy attorneys, according to a securities filing.
Bronx Parking Development Corp. will pay Willkie Farr & Gallagher $18,750 a month to serve as bankruptcy counsel, according to the corporation’s 2013 operating budget filed with the Municipal Securities Rulemaking Board.