Hunt for brand-new York City F.C.’s Stadium Site is actually Back Where the idea Began: the Bronx

After a few years of prowling brand-new York City along with also Long Island, brand-new York City Football Club, the Major League Soccer franchise owned by the Yankees along with also a royal billionaire coming from Abu Dhabi, may have finally found a site for its own stadium.

inside Bronx. Right near Yankee Stadium. Exactly where team owners said they wanted to build in 2013. Back then, the plan unraveled when negotiations with the city fell apart.

If approved This particular time around, the stadium might sit amid a 20-acre, multibillion-dollar development stretching along East 153rd Street along with also River Avenue, between Yankee Stadium along with also the Bronx Terminal Market, in which might include a park, a hotel along with also conference center focused on soccer along with also sports, shops, office space, a school along with also as many as 3,000 affordable apartments.

[Aren’t there already a lot of stadiums along with also arenas inside brand-new York area? Here’s a look at the state of play.]

The development project might be led by a partnership of Jorge Madruga of Maddd Equities along with also Eli Weiss of Joy Construction, which might lease the land for the stadium to the team along with also build the housing, the park along with also the hotel.

“We think the stadium is actually added value to the entire neighborhood,” said Mr. Weiss, “yet our core is actually housing along with also commercial development. in which’s what we know how to do. yet the stadium makes sense given where the idea is actually.”

A spokeswoman for the team said in which brand-new York City Football Club “is actually actively pursuing a permanent home in N.Y.C. along with also exploring several options, including working with Maddd Equities inside Bronx. We continue to engage in meaningful dialogue to understand what may be feasible on their site.”

The politics can be fraught along with also team along with also city officials are reluctant to discuss the stadium until a final deal is actually reached.

Alicia Glen, deputy mayor for housing along with also economic development along with also a soccer fan, said discussions with the team are ongoing. yet cautioned in which nothing is actually final. The city has also been talking to the team about another site — next to Citi Field at Willets Point, Queens — in which has been a perennial candidate for redevelopment.

“I do believe strongly in which the idea might be a Great thing to have a stadium specifically designed for soccer in a global city as incredibly diverse as brand-new York,” Ms. Glen said. “We’re going to contain the entire world Cup in 2026.”

“yet,” she added, “the idea is actually way too early to say the idea’s happening inside Bronx as opposed to Queens. All these locations require discretionary approvals.”

Melinda Katz, the Queens Borough president, has favored the development of a soccer stadium or a hockey arena at Willets Point.

Rubén Díaz Jr., the Bronx borough president, said he looks “forward to working with community leaders, elected officials along with also some other stakeholders to examine the pros along with also cons of This particular proposal along with also to ensure in which any potential development works for the people of my borough.”

brand-new York City F. C. is actually owned by a joint venture of the Yankees along with also an investment group led by Sheik Mansour bin Zayed al-Nahayan, a member of the royal family of Abu Dhabi who also owns Manchester City Football Club, a top soccer team in England.

brand-new York City F.C. has played most of its home games at Yankee Stadium, where more than 30,000 fans attended a match on Sunday. Earlier This particular year, the team opened a brand-new training center in Orangeburg, N.Y., along with also has completed the creation of 10 junior-sized soccer fields in brand-new York City in partnership with Adidas along with also the U.S. Soccer Foundation.

Wherever brand-new York City F.C. builds a stadium, however, the idea might not be big enough for World Cup matches, which can fill stadiums with 80,000 seats or more. brand-new York City F.C.’s stadium might have about 26,000 seats along with also cost an estimated $400 million, according to an executive who has been briefed on the project yet was not authorized to discuss the idea.

The soccer stadium might be the latest addition to what is actually already considered the country’s most crowded market for sports venues. the idea might bring the total to a few stadiums along with also six arenas within a 60-mile radius of Madison Square Garden, a sports along with also entertainment mecca.

(in which list does not include the Billie Jean King National Tennis Center in Flushing, Queens, home of the United States Open.)

The 11 venues, including the proposed soccer stadium inside Bronx along with also two planned hockey arenas on Long Island, might have a combined 335,271 seats for basketball, hockey, football, soccer along with also baseball teams.

None of the teams play more than 81 home games a season. For much of the year, the stadiums along with also arenas are competing for concerts, ice skating performances, circuses, wrestling extravaganzas along with also some other events.

“If you have any debt service at all, the idea means you’re going to have to attract highly attended events in order to make any stadium or arena viable,” said Robert A. Baade, a sports economist at Lake Forest College in Illinois along with also the author of “Getting Into the Game: is actually the Gamble on Sports as a Stimulus for Economic Development a Great Bet?”

“The more stadiums along with also arenas, the more competition along with also the less likely any one of them will be successful,” he said.

brand-new Jersey provides a picture of what in which means. In 2015, the owners of the Prudential Center, the hockey arena in Newark, persuaded the governor of brand-new Jersey to close the former Izod Arena in which was 10 miles north to eliminate the competition for nonsporting events.

The Prudential Center, a $460 million project in which included $305 million coming from the city of Newark, benefited. yet brand-new Jersey taxpayers are still paying off the debt on the state-owned Izod Arena.

Critics often challenge stadiums along with also arenas as a giveaway to team owners in return for a relatively little number of low-paid seasonal jobs.

yet inside Bronx, the owners of brand-new York City F.C., are not asking for the avalanche of free land, tax breaks along with also public funding in which helped get Yankee Stadium, Citi Field, MetLife Stadium in East Rutherford, N.J., along with also the Prudential Center built.

Mr. Madruga along with also Mr. Weiss say they have sought to acquire land in neighborhoods near Yankee Stadium for a decade for a large-scale housing development. Knowing in which the soccer team had sought to build a stadium on East 153rd Street inside past, the developers said they recently approached Randy Levine, the president of the Yankees.

The team’s decision to tie the brand-new stadium to affordable housing is actually part of an effort to cast the project as having broad social benefit.

The developers say they have a binding agreement to buy the GAL Manufacturing factory on East 153rd Street, near the Major Deegan Expressway. The developers, in turn, might lease the land to brand-new York City F.C. to build the stadium, with the rent subsidizing development of the housing.

The developer is actually also looking to relocate GAL nearby so the borough does not lose several hundred blue-collar jobs.

For the housing, the developer also carries a tentative agreement to buy or lease a large parking garage across the street coming from GAL along with also several some other parking lots on River Avenue owned by Bronx Parking Development Company, a money-losing company controlled by the city along with also a group of lenders.

Under an agreement with the Yankees, the city, through Bronx Parking, was required to provide 9,500 parking spaces for baseball games. yet a brand-new Metro-North rail station nearby undercut the need for all those parking spaces.

As part of a deal for the soccer stadium, the Yankees might agree to reduce the required number of parking spaces to 6,500, enabling Bronx Parking to sell or lease the land to the developer.

“The Yankees are very encouraged by the outlines of This particular plan,” said Alice McGillion, a spokeswoman for the team.

Follow Charles V. Bagli on Twitter: @chbagli

A variation of This particular article appears in print on , on Page A20 of the brand-new York edition with the headline: Hunt for Major League Soccer Stadium Site Heads Back to the Bronx. Order Reprints | Today’s Paper | Subscribe