The operator of parking garages at the new Yankee Stadium, which have not generated enough revenue to pay $240 million in tax-exempt debt, has hired bankruptcy attorneys, according to a securities filing, Bloomberg News reported yesterday. 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. Bronx Parking is in discussions with creditors and is not planning a bankruptcy filing, said Edward Moran, the firm’s chief restructuring officer. The garages and lots, which contain about 9,300 spaces, have suffered as more fans take public transportation to Major League Baseball games and drivers balk at paying $35 to park. The facilities averaged about 4,000 cars on event days and had an occupancy rate of 43 percent, according to filings.
