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Construction crews in Highbridge are hard at work building replacement parks around Yankee Stadium, but all of that work is costing the city big bucks.

The city's Independent Budget Office or IBO reports that it will now cost 67 percent more to build the parks than initially estimated.

"When they first proposed this arrangement the estimate was the parks were going to cost around $116 million. The current estimate that we used in our analysis it has grown to $195 million -- an increase of $79 million," said George Sweeting, Independent Budget Office.

In 2006, when the Yankees broke ground to build their new stadium on top of McCombs Dam and Mullaly parks, the city agreed to replace the lost public space.

The IBO reports the rising cost of construction and extra costs to solve underground environmental problems pushed the price tag up, and then the city also decided to increase they amount of park land it is developing for an additional $30 million.

"The main thing is that we want to and intend to keep our promise. That's when this project is over there will be more park land, better parks, better facilities, and better ball fields. The main reason, almost half of the cost increase is by adding program to the budget," said City Parks Commissioner Adrian Benepe.

Some of that includes a waterfront park with tennis courts and an ice skating rink. It will also include a track and field on top of a parking garage.

A lot of people have been asking what will happen to the old stadium, which will be torn down completely and replaced with parks.

Those who were against the city and state giving away park land to the Yankees say the community is on the losing end of the deal.

"The tax payers are paying for a waterfront park that they were never supposed to pay for. And if the city had done a proper environmental impact study, some of these costs wouldn't be there as well," said NYC Park Advocate Geoffery Croft.

"What the city should be doing is looking to the Yankee organization to make up the cost overruns. It is unacceptable that the new stadium can open in April, but my community is told we are going to have to wait for parks," said City Councilwoman Helen Foster.

The replacement park land was supposed to be completed in December of 2010, but now the city estimates they won't be finished until the fall of 2011.