(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.
What he had in mind was figuring out a way to adapt railroad signals for street use. Potts used red, amber, and green railroad lights and about thirty-seven dollars worth of wire and electrical controls to make the world s first 4-way three color traffic light.