Yankee Stadium price hits $1.3B

The New York Yankees say the cost of their new stadium has reached $1.3 billion, up from an earlier estimate of $930 million. Another $135 million will be needed for bringing in concessions. The team will pay the extra costs, not the city and state, which are paying for new parks, new garages and a new Metro-North station. The Yankees say they rejected offers of at least $50 million a year for naming rights. Much of the interior steel structure is complete. A new rendition of the old stadium’s classic rooftop frieze has been built in steel and painted white.