Friday, August 18, 2006
Here's a preview of what the new Yankee Stadium will look like.
After more than four years of numerous discussions and rumors, the New York Yankees officially announced plans for a new Yankee Stadium in June 2005. The new state of the art stadium will be built adjacent to the current Yankee Stadium and open in April 2009. The Yankees will pay for all costs, estimated at around $800 million for construction and all maintenance costs. Ground breaking occurred on August 16, 2006 and the stadium will be completed in April 2009. The Yankees will finance the $800 million project, and the City of New York will spend $220 million for infrastructure and other improvements in the area. Most of the shell of Yankees Stadium along with the field will be preserved, and the city and state will help build a hotel, convention center, a high school for sports medicine and sports management, a museum and other offices in and around the current stadium.