Capabilities

Bronx Parking

U.S. Bank

Our attorneys represented U.S. Bank, as indenture trustee, and the bondholder steering committee to Bronx Parking Development Company, LLC, the owner and operator of the nine surface lots and five parking garages surrounding Yankee Stadium. Bronx Parking defaulted on the $237 million bond offering that was issued to construct certain of the parking facilities. The complex restructuring efforts involves Bronx Parking, the bondholders, the City of New York, the Bronx Borough and the New York Yankees, among others.

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