So Many Seats, So Many Tax Breaks
NEW YORK — The New York area has more stadiums and arenas than any other location in the country. A soccer stadium in the Bronx or Queens and two arenas proposed for Long Island would bring the total to five stadiums and six arenas within 60 miles of Madison Square Garden, with a combined 335,271 seats for basketball, hockey, football, soccer and baseball teams.
Posted — UpdatedNEW YORK — The New York area has more stadiums and arenas than any other location in the country. A soccer stadium in the Bronx or Queens and two arenas proposed for Long Island would bring the total to five stadiums and six arenas within 60 miles of Madison Square Garden, with a combined 335,271 seats for basketball, hockey, football, soccer and baseball teams.
There are an additional 41,181 seats at seven minor league ballparks within the same radius.
For much of the year when the teams are not playing, the venues compete for concerts, circuses, tractor pulls, wrestling extravaganzas and other events, all of which bring revenue necessary to make the venues economically viable.
Many of the stadiums and arenas have been built with sizable public assistance in the form of free land, tax breaks and cash.
The proliferation of minor league stadiums has not been a home run in every community. Riverfront Stadium, the former home of the Newark Bears in Newark, New Jersey, is scheduled for demolition.
Yankee Stadium
Location:Bronx, New York
Year Opened: 2009
Seats:47,422
The stadium cost more than $2.3 billion to build. The New York Yankees supplied $670.6 million of that money and the rest, about $1.186 billion, came in the form of public money and tax breaks.
Citi Field
Location:Queens, New York
Year Opened: 2009
Seats: 41,800
The project cost about $830.6 million with $134.91 million coming from the New York Mets, and $614.3 million in public money and tax breaks.
MetLife Stadium
Location: East Rutherford, New Jersey
Year Opened: 2010
Seats: 82,500
Built by the NFL teams, the New York Jets and the New York Giants, on state-owned land at a cost of $1.6 billion. New Jersey spent $250 million in highway improvements, transit and utilities. The Jets and Giants pay a modest rent, but under the terms of their current lease do not share the revenue from parking, luxury suites or premium club seats or concerts.
Red Bull Arena
Location: Harrison, New Jersey
Year Opened: 2010
Seats: 25,000
With a total cost of $285 million, the city and county government spent $84 million buying the land for the stadium and building a parking deck. The New York Red Bulls contributed the rest.
Madison Square Garden
Location: Manhattan, New York
Year Opened: 1968
Seats: 20,789
The most recent version of Madison Square Garden, at Pennsylvania Plaza in midtown Manhattan, was completed in 1968, and underwent a $1 billion renovation that was completed in 2013. The Garden has had a property tax exemption since 1982, which was worth $17.3 million in 2014 and will increase to $41.5 million in 2019.
Nassau Coliseum
Location: Uniondale, New York
Year Opened: 1972
Seats: 17,760
Nassau Coliseum is owned by Nassau County. The recent $180 million renovation was privately funded. The current operator, BSE Global, pays the county 8 percent of gross revenues, or $4 million annually, whichever is greater under the terms of their operating agreement. The Coliseum lost the New York Islanders hockey team to Barclays Center in Brooklyn, New York, but the team will return this season. The Long Island Nets, an affiliate of the Brooklyn Nets basketball team, also call it home.
Barclays Center
Location: Brooklyn, New York
Year Opened: 2012
Seats: 19,000
Barclays Center, home of the Brooklyn Nets and, briefly, the Islanders, was built for a cost of $1 billion. The project received $260.3 million in state and city funding, in addition to property tax exemptions totaling $266.6 million from 2004 to 2018.
Prudential Center
Location: Newark, New Jersey
Year Opened: 2007
Seats: 19,500
This $460 million project was funded with $155 million from the New Jersey Devils hockey team, along with $305 million in public money.
New York City FC Soccer Stadium
Proposed Location: Bronx, New York
Year It Will Open: To be determined
Seats: 26,000
The nascent proposal projects that the stadium would cost about $400 million. The franchise is four years old and has been playing its home games at Yankee Stadium.
Belmont Park Arena
Location: Elmont, New York
Year It Will Open: Projected 2019
Seats: 18,000
The arena, planned as the new home for the New York Islanders, is part of a proposed $1 billion complex, to be built by Sterling Equities and Oak View group and their partners. It would be located 8 miles from Nassau Coliseum.
Ronkonkoma
Location: Ronkonkoma, New York
Year It Will Open: No date projected
Seats: 17,500
A proposed $1.1 billion sports complex and convention center, would sit on 40 acres in this Suffolk County town and be home to a yet-to-be-determined sports team. The proposed structure would be built by Chicago developer Jones Lang LaSalle.
In addition to the most well known large-scale stadiums and arenas, there also exists a second tier of smaller stadiums that serve minor league hockey and baseball teams, scattered through the metro area:
Skylands Stadium in Augusta, New Jersey, 4,200 seats.
Yogi Berra Stadium in Little Falls, New Jersey, 5,000 seats.
Ballpark at Harbor Yard in Bridgeport, Connecticut, 5,500 seats.
Webster Bank Arena in Bridgeport, Connecticut, 10,000 seats.
Richmond County Bank Ballpark in St. George, Staten Island, New York, a minor-league affiliate of Yankees, 7,171 seats.
MCU Park in Coney Island, Brooklyn, New York, home to Mets-affiliated Brooklyn Cyclones, 7,000 seats.
Palisades Credit Union Park in Pomona, New York, 6,362 seats.
Bethpage Ballpark in Central Islip, New York, 6,002 seats.
Copyright 2024 New York Times News Service. All rights reserved.