(Shawn Inglima) The nearly bankrupt operator of the Yankee Stadium parking garages has reached the point of no return. Bronx Parking Development Co. LLC sustained a net loss of $29 million last year and now has more debts than assets, according to a new audit released by the company this month.
The invention of the traffic signals for stop-and-go are the source of much debate, according to the History Channel. Despite the aforementioned adoption of the signals in London in the 19th century, it wasnât until 1923 when inventor Garrett Morgan (he of gas mask mega-fame) patented it.
The inventor sold the rights to his traffic signal to the General Electric Corporation for $40,000. Shortly before his death in 1963, Garrett Morgan was awarded a citation for his traffic signal by the United States Government.