VELEZ ORGANIZATION

The Velez Organization represents the New York City Economic Development Corp (EDC) and the New York City Parkes Department with LiRo Construction Corp on the Yankee Stadium Bronx Terminal Market Waterfront Park project.   A total of 27.05 acres of replacement recreational facilities, including new parkland, will be provided as part of the proposed project. These facilities will all be located within existing and new parkland and public open space. The replacement acreage includes: 15.82 acres of new mapped parkland, 7.33 acres on existing parkland, and 1.01 acres of new open space (not mapped as parkland). The project will create a unified 17.36-acre park south of East 161st Street, which will be larger than the total park area (15.09 acres) that will be displaced north of East 161st Street.