So Many Seats, So Many Tax Breaks

brand-new York City is actually considered one of the country’s most crowded market for sports stadiums along with arenas — many of which have been built with sizable public assistance inside form of free land, tax breaks along with cash.

Charles V. Bagli

The brand-new York area is actually one of the most crowded regions inside country when This particular comes to stadiums along with arenas. A soccer stadium inside Bronx or Queens along with two arenas proposed for Long Island might bring the total to a few stadiums along with six arenas within 60 miles of Madison Square Garden, having a combined 335,271 seats for basketball, hockey, football, soccer along with baseball teams.

There are an extra 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 along with different events, all of which bring revenue necessary to make the venues economically viable.

Many of the stadiums along with arenas have been built with sizable public assistance inside form of free land, tax breaks along with 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, is actually scheduled for demolition.


Existing Stadiums

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Yankee Stadium in 2011.CreditCaleb Ferguson for The brand-new York Times

Yankee Stadium

Location: Bronx

Year Opened: 2009

Seats: 47,422

The stadium cost more than $2.3 billion to build. The brand-new York Yankees supplied $670.6 million of which money along with the rest, about $1.186 billion, came inside form of public money along with tax breaks.

Citi Field

Location: Queens

Year Opened: 2009

Seats: 41,800

The project cost about $830.6 million with $134.91 million coming through the brand-new York Mets, along with $614.3 million in public money along with tax breaks.

MetLife Stadium, at rear right, in 2011.CreditMel Evans/Associated Press

MetLife Stadium

Location: East Rutherford, N.J.

Year Opened: 2010

Seats: 82,500

Built by the N.F.L. teams, the brand-new York Jets along with the brand-new York Giants, on state-owned land at a cost of $1.6 billion. brand-new Jersey spent $250 million in highway improvements, transit along with utilities. The Jets along with Giants pay a modest rent, nevertheless under the terms of their current lease do not share the revenue through parking, luxury suites or premium club seats or concerts.

Red Bull Arena

Location: Harrison, N.J.

Year Opened: 2010

Seats: 25,000

having a total cost of $285 million, the city along with county government spent $84 million buying the land for the stadium along with building a parking deck. The brand-new York Red Bulls contributed the rest.


Existing Arenas

Madison Square Garden under construction in 1966.CreditFox Photos/Getty Images

Madison Square Garden

Location: Manhattan

Year Opened: 1968

Seats: 20,789

The most recent product of Madison Square Garden, at Pennsylvania Plaza in Midtown Manhattan, was completed in 1968, along with underwent a $1 billion renovation which was completed in 2013. The Garden has had a property tax exemption since 1982, which was worth $17.3 million in 2014 along with will increase to $41.5 million in 2019.

Nassau Coliseum

Location: Uniondale, N.Y.

Year Opened: 1972

Seats: 15,000

Nassau Coliseum is actually 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 actually greater under the terms of their operating agreement. While the Islanders await a brand-new arena in Belmont, opening possibly in 2021, the team will split its home games between Barclays Center along with the Nassau Coliseum. The Long Island Nets, an affiliate of the Brooklyn Nets basketball team, also call Nassau Coliseum home.

Barclays Center in March 2012. This particular opened a few months later, on Sept. 28.CreditAndrew Burton/Getty Images

Barclays Center

Location: Brooklyn

Year Opened: 2012

Seats: 19,000

Barclays Center, home of the Brooklyn Nets along with to about half the Islanders games, was built for a cost of $1 billion. The project received $260.3 million in state along with city funding, in addition to property tax exemptions totaling $266.6 million through 2004 to 2018.

Prudential Center

Location: Newark, N.J.

Year Opened: 2007

Seats: 19,500

This particular $460 million project was funded with $155 million through the brand-new Jersey Devils hockey team, along with $305 million in public money.

Proposed Sites

brand-new York City F.C. Soccer Stadium

Proposed Location: the Bronx.

Year This particular Will Open: To be determined

Seats: 26,000

The nascent proposal projects which the stadium might cost about $400 million. The franchise is actually four years old along with has been playing its home games at Yankee Stadium.

Belmont Park Arena

Location: Elmont, N.Y.

Year This particular Will Open: Projected 2019

Seats: 18,000

The arena, planned as the brand-new home for the brand-new York Islanders, is actually part of a proposed $1 billion complex, to be built by Sterling Equities along with Oak View group along with their partners. This particular might be located eight miles through Nassau Coliseum.

Ronkonkoma

Location: Ronkonkoma, N.Y.

Year This particular Will Open: No date projected

Seats: 17,500

A proposed $1.1 billion sports complex along with convention center, might sit on 40 acres in This particular Suffolk County town along with be home to a yet-to-be-determined sports team. The proposed structure might be built by the Chicago developer Jones Lang LaSalle.


Minor League Stadiums

In addition to the most well known large-scale stadiums along with arenas, there also exists a second tier of smaller stadiums which serve minor league hockey along with baseball teams, scattered through the metro area:

Skylands Stadium, home to the Sussex Skyhawks.CreditWarren Westura
  • Skylands Stadium in Augusta, N.J., 4,0 seats.

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

  • Ballpark at Harbor Yard in Bridgeport, Conn., 5,500 seats. Last year, Bridgeport moved to convert the ballpark to a music venue; the Bluefish baseball team is actually heading to North Carolina.

  • Webster Bank Arena in Bridgeport, Conn., 10,000 seats.

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

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

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

  • Bethpage Ballpark in Central Islip, N.Y., 6,002 seats.

Charles Bagli covers the intersection of real estate along with politics for the Metro Desk. He also wrote “different People’s Money.” He ran the brand-new York Marathon twice, coached girl’s softball for 12 years along with raised two daughters with his wife, Ellie. Facebook