River Ave. Blues reports on the parking lots around Yankee Stadium going into default on their bonds. This was the most interesting part to me:

According to those who run the Bronx Parking Development Company, the answer is a mixture of supply and demand. The company claims that the lots were, at most, 60 percent full during game days, but those running it also claim that the Gateway Shopping Center has been siphoning off cars for far less. To park in the stadium lots costs well over $20 a game while Gateway charges under $5. Officials claim that 800 cars per game are taking advantage of the price discrepancy, and thus, the company is raising rates to $35-$45 per car in 2011.

A competitor is beating you on price, so your raise your rates! What brilliant business men run these lots! That will just drive more people to the subway and train, which are much cheaper than parking. It strikes me the right thing to do is sell off a couple of the lots, so the supply of parking meets the demand. Raising rates is just going to throw the owners into a death spiral.