NYCEDC has helped to create additional green space and new jobs while spurring private investment to support the new Yankee Stadium.
As part of the award winning Yankee Stadium Area Redevelopment Project, the City spent $195 million to build four new parks with high-quality recreational facilities including:
To replace the 351 trees that were lost due to the construction of the new Yankee Stadium, more than 8,000 trees were planted in the vicinity of the venue.
In support of the new construction, NYCEDC leveraged City, State, and Federal tax programs to induce millions of dollars in private investment. Over 1,600 additional jobs were created at the new Yankee Stadium.
These new positions include year-round, full-time jobs in front-office operations, in-season full-time and part-time jobs, as well as contract positions. The new Yankee Stadium employs 4,047 people, an increase of over 1,600 jobs from the team's previous stadium.
Transformation of Macomb Dam Park
The Yankee Stadium Area Redevelopment Project received Real Estate and Construction Review's Building of America award and was featured in the New York/Philadelphia Edition of the publication. The Real Estate and Construction Review lauded the project:
After reviewing project submissions on hundreds of terrific new construction and renovation projects, Yankee Stadium Redevelopment project - Parking Structures was rated as one of the most imaginative, unique, innovative and dynamic projects in the New York/Philadelphia area, thereby winning the "Building of America" Award.