• Loading stock data...
Friday, November 8, 2024
DEADLINE EXTENDED: The Best Employers in Sports survey is now open through Nov. 13 Learn More

New York City Building Dedicated Soccer Stadium

  • NYCFC is getting a dedicated soccer stadium in Queens.
  • The MLS team’s 25,000-capacity venue will open in 2027.
NYCFC players celebrate scoring a goal while playing in Yankees Stadium
Brad Penner-USA TODAY Sports

The city that has everything is getting a new major sports stadium.

New York City Football Club struck a deal with city officials to build a dedicated soccer stadium in Queens. The 25,000-seat venue is scheduled to open in 2027.

The stadium will be located at the Willets Point area, neighboring the New York Mets’ Citi Field and the USTA Billie Jean King National Tennis Center, which hosts the U.S. Open.

  • The team will cover the cost of stadium construction, which is expected to reach around $780 million.
  • The city will allow the team to forgo real estate taxes for the duration of the lease and make infrastructure improvements related to the project. The team will not get any kickbacks related to mortgage recording and sales tax.
  • The team will pay the city $4 million annually over the 49-year lease with an option for a 25-year extension.

Not Just a Stadium

The Major League Soccer team has long been on the hunt for a home of its own, having played games at Citi Field, Yankee Stadium, and Red Bull Arena, home to the rival New York Red Bulls and the NWSL’s NJ/NY Gotham FC. 

Following the trend of many new stadium and arena developments, the project will include a 250-room hotel and 2,500 units of affordable housing on land the city is leasing to developers Related Companies and Sterling Equities.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NBA Ratings Are Dipping and One Legend Has a Theory Why

NBA teams are averaging 37 three-points attempts per game this season.

Cardinals Return to DSG at Reduced Fee, but Company’s Issues Remain

The team’s revised rights deal includes a lowered fee and newly added streaming rights.

NASCAR Season Wraps Up With Major Momentum for 2025

Cup Series races this year have averaged 2.89 million viewers.

NFL TV Ratings: Can Amazon Keep Up Record ‘TNF’ Pace?

Thursday night games are averaging 13 million viewers.
podcast thumbnail mobile
Front Office Sports Today

Joey Logano Talks NASCAR vs. F1, Pursuing Third Championship

0:00

Featured Today

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.
October 31, 2024

The Untapped Revenue ‘Powder Keg’ of Women’s NFL Fandom

There’s a “boatload” of money at stake for brands and the league.

Cubs Agree to Alter Wrigley As Part of DOJ Settlement

The second-oldest MLB ballpark will have to make upgrades again.
November 1, 2024

Inside Cosm’s Plans for a Fourth Location—and Beyond

The downtown Detroit site will add to the city’s sports and entertainment district.
November 1, 2024

Rays’ Future Uncertain As Tropicana Field Repairs Begin

The Rays still don’t know where they will play in 2025.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
October 31, 2024

Florida-Georgia Game Hits the Road Amid $1.4B Stadium Renovation

EverBank Stadium will have reduced capacity in 2026 and be closed in 2027.
Oct 20, 2024; Cleveland, Ohio, USA; Cleveland Browns defensive end Myles Garrett (95) walks off the field after the game against the Cincinnati Bengals at Huntington Bank Field.
October 25, 2024

Browns Sue Cleveland Over ‘Modell Law’ Threatening Suburban Dreams

The Browns want a new stadium, but a law forbids leaving downtown.
October 24, 2024

Packers Agree to Green Bay’s Rent Terms Amid Lambeau Lease Dispute

The team and city have been embroiled in a lease dispute.
Intuit Dome
October 24, 2024

From Restrooms to Tech, Fans Rave About Intuit Dome Despite ‘Hassle’

The Intuit Dome cost $2 billion to build.