new york yankees

February 10, 2020 Comments Off on Deal Nears to Build Soccer Stadium in the Bronx Views: 1331 New York News, Uptown/Bronx New York

Deal Nears to Build Soccer Stadium in the Bronx

After two years of discussions, the owners of the New York City Football Club (NYCFC) and a development group led by Maddd Equities are reportedly close to a deal with the city to build a soccer stadium in the Bronx. The 25,000-seat stadium, to be located near the Major League Soccer franchise’s current home at Yankee Stadium, would be part of a $1-billion mixed-use development.

That privately-financed development would replace an elevator parts factory, along with under-used parking lots near Yankee Stadium. Anchored by the soccer stadium, it would also include affordable housing units, a new school, a hotel and retail. The Yankees have 20% ownership of NYCFC.

“It’s long past time to make the underutilized parking lots around Yankee Stadium into something more,” said a representative for the New York City Economic Development Corporation. However, the representative added that a deal hasn’t been reached yet.

Read more at New York Times

Connect With Maddd Equities

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.

Send this to a friend