Bronx park cost jumps 67 percent

The cost of replacing more than 22 acres of South Bronx parkland displaced by the new Yankee Stadium
has jumped 67 percent, to about $195 million, according to the city Independent
Budget Office. Design revisions, project additions, the unanticipated cleanup of
hazardous materials and construction inflation have driven costs up by $78.6
million, the report said. While the Yankees are financing the stadium with city and state subsidies, the city alone is paying for the park. According to
the 2005 estimate, the cost of replacing the park was expected to be $116.1
million. Funding for the park’s cost increase has been built into the city’s
capital budget, according to Doug Turetsky, the budget office’s chief of staff.