Soccer’s NYC dream is closer to reality

New York /
Aug.August 13, 2012 04:00 PM

Major League Soccer and city and state officials are on the verge of finalizing a deal for a $300 million, 25,000-seat soccer stadium to be built for the league’s use in Flushing Meadows-Corona Park, according to the New York Post.

Earlier this summer, Major League Soccer announced its choice for the location of the stadium, on the northern portion of the park, after searching other spots in the city — including Pier 40 — for almost a year. Ground could break on the stadium, next to Citi Field and Arthur Ashe Center, as soon as early 2013, if local officials and the Metropolitan Transportation Authority sign off on a required parkland swap approval. The project, which also calls for nine soccer fields for public and minor league use, would take up nine acres of city-owned land, so the state must return an equal amount of land to park use.

“I definitely think this could happen in 2013,” an unnamed state official told the Post, “and it will generate construction jobs, permanent jobs and sales-tax revenues for the city and state.”

Major League Soccer would finance the development in full. It has not yet secured an ownership group to bring a New York City-based team to the stadium. [Post]


Related Articles

arrow_forward_ios
Mayor Eric Adams, Related Companies' Stephen Ross and Sterling Equities' Fred Wilpon with a rendering of the soccer stadium (The Related Companies, Sterling Equities, Getty)
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
From left: Sterling Equities' Fred Wilpon, Mayor of New York City Eric Adams, Related Companies' Stephen Ross, NYCFC's star Maxi Moralez (Getty Images)
Queens soccer stadium headed for Sterling Equities, Related land: report
Queens soccer stadium headed for Sterling Equities, Related land: report
Renderings revealed: Beckham group’s Miami stadium
Renderings revealed: Beckham group’s Miami stadium
Renderings revealed: Beckham group’s Miami stadium
Rendering of
The man behind the Beckham stadium plan: John Alschuler
The man behind the Beckham stadium plan: John Alschuler
De Blasio hunts for pro soccer stadium site
De Blasio hunts for pro soccer stadium site
De Blasio hunts for pro soccer stadium site
De Blasio’s concerns jeopardize Bronx soccer stadium plans
De Blasio’s concerns jeopardize Bronx soccer stadium plans
De Blasio’s concerns jeopardize Bronx soccer stadium plans
Major League Soccer team to build $400M Bronx stadium
Major League Soccer team to build $400M Bronx stadium
Major League Soccer team to build $400M Bronx stadium
Placeholder image
Yankee Stadium parking owner stiffs NYC on $42M in rent, taxes
Yankee Stadium parking owner stiffs NYC on $42M in rent, taxes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...