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SBD/Issue 144/News & Opinions
Yonkers, NY, To Build $25M Minor League Ballpark
Published April 16, 2002
The N.Y. TIMES' Winnie Hu reported that Yonkers, NY, city officials announced a plan "to build a $25 million baseball stadium in downtown Yonkers that would anchor their redevelopment efforts." The new 6,500-seat facility would be home to a team in the independent Atlantic League. Plans call for the new ballpark to feature "amenities like two dozen luxury skyboxes, concession stands and roughly 100,000 square feet of space for restaurants, pubs and stores." Groundbreaking is tentatively set for this fall, and construction would "take eight months to a year to complete." The ballpark is estimated to cost $25-$30M, with the cost "partly offset by revenues from the baseball team, which would lease the stadium, and from the businesses that rent space in the stadium." The remainder of the money "would come from a mixture of the city's nontax revenue sources, state development grants and public investors" (N.Y. TIMES, 4/13).