So Many Seats, So Many Tax Breaks

So Many Seats, So Many Tax Breaks

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New York Metropolis is taken into account one of many nation’s most crowded marketplace for sports activities stadiums and arenas — a lot of which have been constructed with sizable public help within the type of free land, tax breaks and money.

Charles V. Bagli

The New York space is among the most crowded areas within the nation on the subject of stadiums and arenas. A soccer stadium within the Bronx or Queens and two arenas proposed for Lengthy Island would carry the entire to 5 stadiums and 6 arenas inside 60 miles of Madison Sq. Backyard, with a mixed 335,271 seats for basketball, hockey, soccer, soccer and baseball groups.

There are a further 41,181 seats at seven minor league ballparks inside the similar radius.

For a lot of the 12 months when the groups aren’t taking part in, the venues compete for live shows, circuses, tractor pulls, wrestling extravaganzas and different occasions, all of which carry income essential to make the venues economically viable.

Most of the stadiums and arenas have been constructed with sizable public help within the type of free land, tax breaks and money.

The proliferation of minor league stadiums has not been a house run in each group. Riverfront Stadium, the previous dwelling of the Newark Bears in Newark, is scheduled for demolition.


Current Stadiums

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Yankee Stadium in 2011.Credit scoreCaleb Ferguson for The New York Occasions

Yankee Stadium

Location: Bronx

12 months Opened: 2009

Seats: 47,422

The stadium price greater than $2.three billion to construct. The New York Yankees provided $670.6 million of that cash and the remaining, about $1.186 billion, got here within the type of public cash and tax breaks.

Citi Subject

Location: Queens

12 months Opened: 2009

Seats: 41,800

The undertaking price about $830.6 million with $134.91 million coming from the New York Mets, and $614.three million in public cash and tax breaks.

MetLife Stadium, at rear proper, in 2011.Credit scoreMel Evans/Related Press

MetLife Stadium

Location: East Rutherford, N.J.

12 months Opened: 2010

Seats: 82,500

Constructed by the N.F.L. groups, the New York Jets and the New York Giants, on state-owned land at a price of $1.6 billion. New Jersey spent $250 million in freeway enhancements, transit and utilities. The Jets and Giants pay a modest lease, however beneath the phrases of their present lease don’t share the income from parking, luxurious suites or premium membership seats or live shows.

Crimson Bull Area

Location: Harrison, N.J.

12 months Opened: 2010

Seats: 25,000

With a complete price of $285 million, town and county authorities spent $84 million shopping for the land for the stadium and constructing a parking deck. The New York Crimson Bulls contributed the remaining.


Current Arenas

Madison Sq. Backyard beneath development in 1966.Credit scoreFox Images/Getty Photographs

Madison Sq. Backyard

Location: Manhattan

12 months Opened: 1968

Seats: 20,789

The newest model of Madison Sq. Backyard, at Pennsylvania Plaza in Midtown Manhattan, was accomplished in 1968, and underwent a $1 billion renovation that was accomplished in 2013. The Backyard has had a property tax exemption since 1982, which was value $17.three million in 2014 and can improve to $41.5 million in 2019.

Nassau Coliseum

Location: Uniondale, N.Y.

12 months Opened: 1972

Seats: 15,000

Nassau Coliseum is owned by Nassau County. The latest $180 million renovation was privately funded. The present operator, BSE International, pays the county eight % of gross revenues, or $four million yearly, whichever is larger beneath the phrases of their working settlement. Whereas the Islanders await a brand new area in Belmont, opening presumably in 2021, the crew will cut up its dwelling video games between Barclays Middle and the Nassau Coliseum. The Lengthy Island Nets, an affiliate of the Brooklyn Nets basketball crew, additionally name Nassau Coliseum dwelling.

Barclays Middle in March 2012. It opened a number of months later, on Sept. 28.Credit scoreAndrew Burton/Getty Photographs

Barclays Middle

Location: Brooklyn

12 months Opened: 2012

Seats: 19,000

Barclays Middle, dwelling of the Brooklyn Nets and to about half the Islanders video games, was constructed for a price of $1 billion. The undertaking acquired $260.three million in state and metropolis funding, along with property tax exemptions totaling $266.6 million from 2004 to 2018.

Prudential Middle

Location: Newark, N.J.

12 months Opened: 2007

Seats: 19,500

This $460 million undertaking was funded with $155 million from the New Jersey Devils hockey crew, together with $305 million in public cash.

Proposed Websites

New York Metropolis F.C. Soccer Stadium

Proposed Location: the Bronx.

12 months It Will Open: To be decided

Seats: 26,000

The nascent proposal tasks that the stadium would price about $400 million. The franchise is 4 years previous and has been taking part in its dwelling video games at Yankee Stadium.

Belmont Park Area

Location: Elmont, N.Y.

12 months It Will Open: Projected 2021

Seats: 18,000

The world, deliberate as the brand new dwelling for the New York Islanders, is a part of a proposed $1 billion advanced, to be constructed by Sterling Equities and Oak View group and their companions. It will be positioned eight miles from Nassau Coliseum.

Ronkonkoma

Location: Ronkonkoma, N.Y.

12 months It Will Open: No date projected

Seats: 17,500

A proposed $1.1 billion sports activities advanced and conference middle, would sit on 40 acres on this Suffolk County city and be dwelling to a yet-to-be-determined sports activities crew. The proposed construction can be constructed by the Chicago developer Jones Lang LaSalle.


Minor League Stadiums

Along with probably the most well-known large-scale stadiums and arenas, there additionally exists a second tier of smaller stadiums that serve minor league hockey and baseball groups, scattered by the metro space:

Skylands Stadium, dwelling to the Sussex Skyhawks.Credit scoreWarren Westura
  • Skylands Stadium in Augusta, N.J., four,200 seats.

  • Yogi Berra Stadium in Little Falls, N.J., 5,000 seats.

  • Ballpark at Harbor Yard in Bridgeport, Conn., 5,500 seats. Final 12 months, Bridgeport moved to transform the ballpark to a music venue; the Bluefish baseball crew is heading to North Carolina.

  • Webster Financial institution Area in Bridgeport, Conn., 10,000 seats.

  • Richmond County Financial institution Ballpark in St. George, S.I., a minor league affiliate of Yankees, 7,171 seats.

  • MCU Park in Coney Island, Brooklyn, dwelling to Mets affiliated Brooklyn Cyclones, 7,000 seats.

  • Palisades Credit score Union Park in Pomona, N.Y., 6,362 seats.

  • Bethpage Ballpark in Central Islip, N.Y., 6,zero02 seats.

Charles Bagli covers the intersection of actual property and politics for the Metro Desk. He additionally wrote “Different Folks’s Cash.” He ran the New York Marathon twice, coached lady’s softball for 12 years and raised two daughters along with his spouse, Ellie. Fb

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