NEW YORK: New York City officers licensed a plan Thursday to construct a 25,000-seat stadium for Major League Soccer’s New York City Football Club subsequent to the New York Mets’ stadium, Citi Field.
The $780 million football stadium, anticipated to open in 2027, will anchor a 23-acre (9-hectare) redevelopment mission within the Willets Point group that will even come with housing, a brand new public faculty, retail shops and a lodge.
The new stadium will probably be New York City’s first venue devoted to skilled football. NYCFC, which gained the MLS championship in 2021, lately performs house video games at Citi Field or at Yankee Stadium within the Bronx.
In addition to Citi Field, the football venue’s neighbors will come with the Billie Jean King National Tennis Center, the place the U.S. Open is performed.
The City Council licensed the brand new stadium after many years of failed efforts to change into Willets Point, lengthy a gritty cluster of car frame stores.
City officers have mentioned that the stadium will probably be privately financed by way of NYCFC’s house owners, who come with the Yankees and United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, the landlord the Manchester City Football Club.
But town’s Independent Budget Office concluded that the real price to taxpayers for the stadium may well be $516 million unfold over the 49-year time period of NYCFC’s hire.
The research is in accordance with what town would have gained in assets taxes had it offered the land to the stadium’s builders as an alternative of leasing it.
The building staff contains Related Companies and Sterling Equities, which is in part managed by way of the Wilpon circle of relatives, who used to possess the Mets.
(This tale has now not been edited by way of News18 personnel and is revealed from a syndicated news company feed – Associated Press)
first revealed: April 12, 2024, 01:30 IST