Michael Bloomberg, who succeeded Giuliani as mayor in 2002, called the former mayor's agreements " corporate welfare" and exercised the escape clause in the agreements to back out of both deals, saying that the city could not afford to build new stadiums for the Yankees and Mets. He estimated that both stadiums would cost $2 billion, with city and state taxpayers contributing $1.2 billion. The West Side Stadium plan resurfaced in December 2001, and by January 2002, months after the September 11 attacks, Giuliani announced "tentative agreements" for both the New York Yankees and New York Mets to build new stadiums. However, with most of the funding coming from taxpayers, Giuliani tabled the proposal, fearing rejection in a citywide referendum. That same year, Mayor Rudy Giuliani unveiled a plan to relocate the Yankees to the West Side Yard for a $1 billion stadium. In 1998, Bronx Borough President Fernando Ferrer proposed spending $600 million in public money to add dozens of luxury boxes to the stadium, to improve highway and public transportation access, and to create a Yankee Village, with shops, restaurants, and a museum. By 1995, Steinbrenner had rejected 13 proposals to keep the Yankees in the Bronx. However, Cuomo lost his re-election bid a few months later. In 1993, New York Governor Mario Cuomo proposed using the West Side Yard, a 30-acre (12 ha) rail yard along the West Side of Manhattan and owned by the Metropolitan Transportation Authority, as the location for a new stadium for the Yankees. In 1993, Mayor David Dinkins expanded on Koch's proposal by offering his Bronx Center vision for the neighborhood, including new housing, a new courthouse, and relocating the Police Academy nearby. Steinbrenner agreed in principle, but then backed out of the deal. In 1988, Mayor Ed Koch agreed to have city taxpayers spend $90 million on a second renovation of Yankee Stadium that included luxury boxes and restaurants inside the stadium and parking garages and traffic improvements outside. Despite the rejection from New Jersey, Steinbrenner frequently threatened to move as leverage in negotiations with New York City. In a statewide referendum in 1987, New Jersey taxpayers rejected $185 million in public financing for a baseball stadium for the Yankees. New Jersey Governor Thomas Kean in 1984 authorized the use of land for a new baseball stadium in the Meadowlands, but the state legislature did not provide financing for the stadium. Steinbrenner at the time was reportedly considering a move to the Meadowlands Sports Complex in New Jersey. New York Yankees owner George Steinbrenner began campaigning for a new stadium in the early 1980s, just a few years after the remodeled Yankee Stadium opened. It has also occasionally hosted neutral-site college football games, including the annual Pinstripe Bowl, as well as concerts and other events. Yankee Stadium was intended to be an interim venue for the club until a soccer-specific stadium is constructed. Īlong with baseball, the stadium has hosted soccer matches in 2014, it became the home field of the new Major League Soccer expansion club New York City FC, which is owned by City Football Group and the Yankees. The $2.3 billion stadium, built with $1.2 billion in public subsidies, is one of the most expensive stadiums ever built. It is the third-largest stadium in Major League Baseball by seating capacity.Īlthough construction began in August 2006, the project spanned many years and faced many controversies, including the high public cost and the loss of public parkland. The new Yankee Stadium replicates design elements of the original Yankee Stadium (including its exterior and trademark frieze), while incorporating larger spaces and modern amenities. Inaugurated in April 2009, the stadium replaced the original Yankee Stadium that operated from 1923 to 2008 it is situated on the 24-acre (9.7 ha) former site of Macombs Dam Park, one block north of the original stadium's site. It is the ballpark of the New York Yankees of Major League Baseball, and New York City FC of Major League Soccer. Yankee Stadium is a baseball and soccer stadium located in the Bronx, New York City. Tishman Speyer/International Facilities Group, LLC. New York City Industrial Development Agency New York City Bus: Bx1, Bx2, B圆, B圆 SBS, Bx13 Metro-North Railroad: Hudson Line at Yankees – East 153rd Street
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