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Commission approves plan for new Yankee stadium

2/22/2006 - New York Yankees

NEW YORK -- A city commission voted on Wednesday to approve
a plan to build a new stadium for the New York Yankees in the
Bronx.
The unanimous approval by the City Planning Commission sends the
plan for the privately financed $800 million project to the City
Council, which must vote on final approval within two months.
"A new facility would be a benefit to both the Yankees and the
city," Commission Chair Amanda Burden said. "The commitment by
the Yankees to invest $800 million to construct this new stadium
immediately north of the existing stadium is representative of the
new faith in a resurgent South Bronx."
The new ballpark will be just north of the current stadium,
which opened in 1923, and the Yankees have said they hope to break
ground this spring.
"This project will create thousands of jobs, new and improved
parklands and benefits and opportunities for the residents of the
Bronx, the City of New York and visitors alike," Yankees president
Randy Levine said after the 12-0 vote.
The current Yankee Stadium is the third-oldest ballpark in the
major leagues, trailing only Boston's Fenway Park (1912) and the
Chicago Cubs' Wrigley Field (1914).
Last summer the Yankees unveiled a model of the planned
ballpark, which on the outside will be treated with limestone and
resemble Yankee Stadium before its 1974-75 renovation. The ballpark
will seat from 50,800 to 54,000 people; the current ballpark seats
about 57,000.