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On November 13th 2006, the New York Mets broke ground on a new $780 million stadium, hoping to complete the project by 2009. The new stadium, designed to look like the Brooklyn Dodgers’ old Ebbets Field, will have a planned capacity of 45,000 spectators within the 1.26 million square-foot facility. The ballpark will be located in the East Parking Lot of the current Shea Stadium at the north end of Flushing Meadows Corona Park, and will have many services not available at Shea, including an exclusive “Home Plate Club” and separate “Ebbets Club.” State of the art design features are being used in order to provide a modern and hoped better experience for all; some such amenities include improved sight lines from all seat sections as well as from concourses and sit down restaurants. The entry rotunda will be commissioned in honor of Jackie Robinson to pay tribute to the legendary Brooklyn Dodger who broke the color barrier in baseball in 1947. Contrary to earlier reports, the newest plans do not call for a retractable roof and the new stadium will be open air. Shea Stadium will be renamed Citi Field; the financial services company has signed a 20-year deal for more than $20 million per year. Citigroup has the ability to extend the deal for up to 35 years.

Similar to the new Yankees stadium, the Mets stadium will be funded by tax-exempt and taxable bonds, with a total of approximately $600 million coming from the team and $180 million from public sources. The Mets have also entered a non-relocation agreement, promising to stay in New York City for another 35 years. The project has faced significantly less public opposition than the Yankee stadium plan, though some are accusing the Mets of conducting too much planning outside of public view. In order to give back to the community and also to gain support for the bond financing by the City Council, the Mets have pledged to give 25% of their annual charity to Queens groups as well as 25% of construction contracts to local Queens businesses. Another 25% of construction jobs will be given to women and minority owned businesses. Over the duration of the project approximately 6,000 construction jobs will be created and the 1,000 jobs currently at Shea will be preserved.

As of Opening Day 2008 construction of the new Citi Field is well under way, on schedule and on budget to be fully completed for Opening Day 2009. Shea stadium will then be dismantled to make room for additional parking at the new ballpark. A few iconic and fan favorite features, such as the homerun apple, will make the transition with the team.

Citi Field to Get NYC Favorites as Food Vendors

Danny Meyer of the Union Square Hospitality Corp has just signed on to provide concessions to the new Mets Stadium, Citi Field. New vendors will include local favorites Shake Shack and Blue Smoke. Meyer will also be taking the lead on the Sterling Club at the ballpark and it is hoped that these amenities will add to the overall enjoyment level for the venue.

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Mets May Need Additional Public Financing As Well

At an Assembly hearing on public financing of stadiums, it was announced that the Mets are asking for an additional $52 million in city issued tax-exempt bonds for construction of their new stadium. With the current funding scheme, the Mets will profit $140 million over the next 40 years and the Yankees, $137 million over 30 years, according to the Independent Budget Office (IBO).

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Public Financing for Stadiums Topic of Assembly Hearing

The New York State Assembly held a hearing on Wednesday to debate the merits and concerns with public financing of stadiums, specifically the new stadiums for the Mets and the Yankees. The hearing was timely, as the Yankees have asked for $360 million more in tax free bonds issued by the City. The City has already issued the team $920 million in tax-exempt bonds. The Yankees will need the IRS to waive certain regulations in order for them to use the additional financing

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Major Projects on Hold As Cement Truck Drivers Strike

Many major construction projects in the City have now been put on hold due to a cement truck driver's strike. Negotiations were unsuccessful yesterday, causing the union to strike which halted construction on projects already facing delays and budget issues. Continued negotiations are not expected to occur again until after the holiday weekend at the earliest.

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IRS Ruling on Tax-Exempt Bonds Could Imperil Major Projects

A 2006 ruling by the Internal Revenue Service (IRS) that restricts the use of tax-exempt bonds for profitable organizations could prevent the completion of three major projects all dependent on tax-exempt bond financing: new stadiums for the Yankee and Mets teams as well as the Barclays Center basketball stadium at Atlantic Yards. City officials, representatives from the Empire State Development Corporation, and developers are petitioning the Treasury Department to reverse the rule change or issue exemptions for projects begun before 2006. The proposed rule change, if agreed to, would bear on tax-exempt bonds issued after February 2007.

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Parking Currently Problem at Ballparks, New Stadiums Will Have More Lot Space

Construction at the Mets’ new Citi Field and the new Yankee Stadium has reduced game parking for both teams by about 2,000 spots each. Once the stadium projects are completed, parking for both stadiums will be increased, to 8,500 for the Mets and 9,000 for the Yankees. There are also plans for a new Metro North station at Yankees Stadium, serving the Hudson, Harlem and New Haven lines.

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Mets Announce Plans for “Green” Citi Field

The Mets announced their plans for an environmentally friendly Citi Field Stadium last week at the Diamond Club at Shea Stadium. They have worked with the Environmental Protection Agency to develop a set of environmental initiatives for the park, including using recycled construction materials, and installing a green roof, power-saving lights, low-flush toilets, and developing a major recycling program, among other things. New York City Mayor Michael Bloomberg was present at the announcement and commended the Mets on their environmental initiatives, noting the contribution to the goals of his PlaNYC strategic plan.

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Details of “Green” Citi Field Announced

The Mets’ new stadium, Citi Field, will incorporate some of the latest environmentally friendly technology in its construction and operations. Some of the “highlights” include a green roof to decrease energy usage and run-off, use of recycled steel in construction, construction of bio-swales and permeable pavement to reduce storm water run-off, use of coal combustion products in their concrete to reduce energy, landfill space and CO2, use of Energy Star products to reduce energy consumption, and use of low-sulfer diesel in construction vehicles to reduce air emissions.

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Mets Stadium to be Environmentally Friendly

Executives from the New York Mets announced that “green” design strategies will be part of their new baseball stadium. The stadium will have a green roof constructed from recycled steel, efficient lighting on the field, and “low-flow” plumbing.

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New Mets Stadium on Schedule

The New York Mets broke ground on their new $800 million, 45,000 seat stadium back in November and have been steadfastly on schedule ever since. Currently, duct work, piping, sprinklers, and electric work have been completed and the exterior building is close to complete. Mets employees are expected to house the Citifield offices in September 2008, while the first game in the stadium is not planned until April 2009. The Mets existing home stadium is scheduled to be deconstructed and will serve as a parking lot shortly after their last game.

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Mets Fans Frustrated at Subway Service to Stadium

Some Mets fans are reacting negatively to what they perceive is unnecessarily slow subway service on the 7 train from Shea Stadium in Queens. The Metropolitan Transportation Authority (MTA) does not run express service on the 7 train before or after the Mets play. Adding to congestion around Shea is construction on Citi Field, the Mets' new stadium.

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New Mets Stadium Likely to Frustrate Fans This Season

Construction of the new Mets stadium, Citi Field, is likely to lead to some confusion and inconvenience for current fans. With over 2,000 parking spots eliminated in order to build the new field, drivers will be shuffled to alternative park lots up to a mile from the ballpark, and joined to the stadium by shuttle buses. The resulting traffic is expected to obstruct the surrounding neighborhood. Fans are being encouraged to use mass transit to get to games.

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City Funding Increases for New Baseball Stadiums

Mayor Bloomberg's proposed 2008 capital budget shows marked increases for city funding of the new sports stadiums to be built by the Mets and the Yankees, as well as the Nets. In particular, funding for the new Yankee Stadium has increased to $209 million from $160 million, and to $172 million from $92 million for the new Mets Stadium. The funding figures for the stadium projects in the proposed budget appear to be higher, $586 million, than the original estimate, $360 million, at the time of their announcements.

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MTA Offers Naming Rights at Stations near New Mets Stadium

The Metropolitan Transportation Authority (MTA) plans to offer naming rights to Citigroup, the company for whom the new Mets stadium is named, for the Long Island Rail Road (LIRR) and subway stops that service the new field in Flushing. Giving naming rights to the LIRR’s Shea Stadium station and the Willets Point-Shea stadium stop on the No. 7 line is intended to generate revenue for the MTA.

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Citigroup Strengthens Ties To Queens

Citigroup’s alliance with the Mets in the building of a new stadium strengthens the corporation’s connections with Queens where the Long Island City Citigroup tower is already a mighty presence. In addition to the Citi Park stadium, as the Mets new home will be called, the Mets and Citigroup will help create the Jackie Robinson Foundation Museum and Education Center in Long Island City. Some Queens activists and officials have been critical of the Mets for choosing corporate sponsorship over naming the new stadium after the baseball player that broke the color barrier when he became the first African American to play professional baseball.

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What’s in a Name? Discussion of New Mets’ Stadium

George Vecsey laments the corporate nomenclature surrounding the Mets’ new Citi Field stadium and other professional arenas like it. The article also explores the economic and financial reasons for naming stadiums after the developers who help to finance, build, and maintain them.

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Breaking Ground On The New Mets Stadium

The Mets and City officials held a groundbreaking ceremony for Shea Stadium’s replacement which is to be called Citi Field after the major funder, Citigroup. The Mets’ deal with Citigroup will last 20 years and pay the team more than $20 million annually. The City and the State will contribute $165 million combined and the Mets will be responsible for an estimated $600. The 45,000-seat ballpark is scheduled to open for the 2009 season.

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Mets’ Stadium Groundbreaking Planned for November 13, 2006

The New York Mets plan on having a groundbreaking celebration for their 45,000-seat stadium on Monday. Construction on the $800 million ballpark has already begun and the team hopes to have the stadium ready for the 2009 season.

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Cellular Concrete Solution Helps Mets’ Stadium Woes

A nationwide contractor discovers “Open Cell” Cellular Concrete as the best answer to reducing the load on the project’s weak underground soil. While the construction calls for elevating the playing field 5 to 6 feet above the level of the current parking lot, underground soils cannot currently handle the fill required to raise the surface. The new cellular product is lighter, and has been used in Chicago’s Soldier Field stadium.

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Mets Reaching Out to Queens Minority Businesses

Queens politicians are applauding the Mets for honoring their commitment to devote 25% of their construction jobs and contracts for goods and services to Queens residents and firms. The club also agreed that an additional 25% of the jobs and contracts will be aimed citywide at minority and female residents, and firms that are minority-or female-owned.

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Mets Trailing The Yankees

The New York Mets are just behind the Yankees in starting the development of their new baseball stadium. They have completed and signed a series of permits and agreements that will put them on track to opening the new field in 2009 – the same year as the scheduled debut of the new Yankees stadium.

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Yankees and Mets Get Approval for Stadium Loans

New York City's Industrial Development Agency approved $1.58 billion of tax-exempt and taxable financing for baseball's Yankees and Mets to build new stadiums.

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A New Station at A New Stadium

The Metropolitan Transportation Authority (MTA) is exploring the feasibility of building a new Long Island Rail Road station near the new Shea Stadium in Flushing.

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Future's Bright for Queens

New York State Comptroller Alan Hevesi joined Borough President Helen Marshall and the Queens Economic Development Corporation to report a growing and vibrant Queen's economy, calling it "an attractive place to live" and the "immigrant center of the world."

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Impact from Olympic Bid Still Being Felt

New York may have lost its bid to host the 2012 Olympics nearly a year ago, but the effects of the planned developments surrounding the proposal are still being felt, especially in the outer borough areas where much of the development was proposed.

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Tax-free Financing Approved for Yankees, Mets

City Council on Wednesday voted overwhelmingly to approve $2 billion in tax-exempt bonds and other financing for the new stadiums proposed by the Yankees and Mets.

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Yankees vs. Mets

John Desio gives a detailed comparison between the Yankees' and Mets' efforts to build a new stadium and their commitment to their respective communities.

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Price of Mets New Stadium For The City Is Ballparked to be $266 Million

A recently released report from the Independent Budget Office says the Bloomberg administration's deal with the Mets for a new ballpark will cost the city and state a combined $266 million, while providing the team with $298 million in savings from the use of tax-exempt bonds.

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Mets Stadium Plan Said To Be Too Costly For City

The Mets have run up against some unfriendly officiating. The city's Independent Budget Office is highly critical of the plans for the new stadium claiming that it will cost the city $177 million over 40 years and save the team $330 million. A vote on infrastructure financing is set for next week in the City Council.

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Queens Council Representatives Want More From the Mets

Depsite the celebratory scene at last weeks' press conference announcing the new stadium plans, the Queens City Council delegation is asking the Mets to sweeten the pot before they will approve the deal.

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Mets Not Quite the Yanks When It Comes to the City Council

The planned Mets stadium is meant to resemble the long-since demolished home of Dem Bums and is expected to be open by the 2009 season. However, it has been receiving considerably less fanfare in City Council than the new Yankee stadium.

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The City that Never Sleeps – On Sports

New York is on its way to becoming sports central with the possible adoption of nine new projects all to build major game venues. The Yankees, Mets, Knicks, Rangers, Jets, Giants, Devils, Islanders and soon to be Brooklyn Nets, all have plans to construct new arenas in and around the city. Officials say it will boost the economy while locals object to losing park space and increased traffic.

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Taxpayers Should Get Out of The Stadium Business

Columnist Raymond Keating writes that sports teams ultimately boil down to businesses and that tax dollars should not be used to fund their stadiums. "The only reason teams get taxpayer subsidies is due to the economic stupidity of politicians."

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Strike 1 For New Mets Stadium

There may be no crying in baseball, but that is not so when it comes to the erection of new stadiums. Various Queens City Council members held a secret 4.5 hour meeting with some Mets officials and voiced a torrent of concerns including complaints that the Bloomberg administration and the Mets kept them in the dark for too long. Mayor Bloomberg and the Mets are now working to address the Council’s concerns.

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The Word is Out: New Mets Ballpark Revealed

The Mets have finally officially announced their plans for a new stadium in Queens. Many details are the same as featured in earlier reports. Missing is the retractable roof that would boost the project price tag another $50 million. The plans have met little opposition from residence because it will not build over city park space, unlike the proposed Yankee stadium project. The city council will review the project Monday, April 10th.

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New Stadiums... New High Prices?

It is nice to watch one's team in a new stadium, but will it be worth the price? In 2005 the average Yankee ticket was $27.34, will teams be able to avoid major price increases under pressure to pay for their new stadiums.

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Arena Upgrades All Around

It has been 25 years since New York has seen a new professional sports venue. Now, virtually every team in the city is aspiring to move to a new facility. The Yankees, Mets, Jets, Giants, Knicks, Nets, Rangers, Devils, Islanders, and NASCAR have all indicated their intention to upgrade their current facilities.

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Tax-Free Bonds For Stadiums Still Need to Be Approved

The Mets and Yankees could see huge cost cuts if the city approves the use of tax-free bonds to build their baseball stadiums. However, the 1986 Tax Reform Act prohibits the use of tax-exempt bonds for sports facilities. The financing plans will be reviewed by the City Council Finance Committee and the Internal Revenue Service next week.

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Forget the World Series: Yankees and Mets Race Towards a New Ballpark

Both teams hope to break ground by midsummer, but in the race to pass city roadblocks and avoid obstacles the Yankees seem to have a distinct advantage. The New York City Council is expected to vote Wednesday on the Yankees' land-use proposal while the Mets are still at the preliminary press conference stage.

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Fans Give Input on Questions Surrounding the New Mets Stadium

The Mets have yet to officially announce their plans for a new stadium, but fans are already discussing possible names, design elements, and the demolishing of old Shea stadium. Finding a suitable name for the new baseball park is a heated topic as many fans dislike company named arenas such as Tropicana Field.

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Mets & Yankee Score State Dollars

You may not call it a homerun, but the Yankees and Mets have definitely moved closer towards winning the game. The Empire State Development Corporation signed off on financing that would fund the construction of a Yankee parking lot and upgrade infrastructure and parking around a new Mets stadium in Flushing.

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Proposed Mets stadium will have a capacity of 45,000

The proposed Mets stadium is to have capacity for 45,000 spectators, wider seats with more leg room, a main concourse that encircles the stadium, and two restaurants. Shea Stadium is expected to be demolished upon the completion of the new stadium.

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Lots of Dollars: Little Sense

Economists are nearly unanimous in the opinion that cities get very little from public spending on new arenas, so why does the money flow so freely? The answer, according to the same economists, is based on politic influence and an irrational tendency known as "fandom."

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Mets Unveil Pictures of New Stadium

The exterior will bring back memories of Ebbets Field. Capacity will be 45,000 spectators. And now there are pictures of the new Mets stadium, too.

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Stadium Funds to be Examined

City Council member David Weprin, chairman of the finance committee, intends to hold hearings into the funding plan for the new Yankees and Mets stadiums. The hearings, which will take place after approval of the land use plan, will examine the use of payments in lieu of taxes, or PILOTs.

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City Financing For New Baseball Stadiums

The Yankees are to be issued $866 million in tax-exempt bonds and $64 million in taxable bonds. The Mets are to be issued approximately $528 million worth of tax-exempt bonds and $104 million in taxable bonds for a new stadium in Flushing Queens. Play ball!

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Agency Approves Assistance for Yankees, Mets Stadiums

The New York City Industrial Development Agency has given preliminary approval for financing assistance for new stadiums for the Yankees and Mets. The agency will issue about $930 million in bonds for the Yankees' venture, while $632 million will go to the Mets.

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Yankees, Mets Stadiums Proceeding Quicker Than Others

Plans for new facilities for the Yankees and Mets are moving through the review and approval process at a quicker pace than efforts for the Jets and Nets, worrying those who believe the developments need more time for public debate.

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Shea Stadium Upgrade

Public and private interests are working together towards plans for a new Mets Stadium. Borough President Marshall lamented that patching up Shea Stadium, is no longer feasible and that it "has outlived its usefulness."

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Details of New Stadium Emerge

Though the actual design info is yet to be released, details are beginning to emerge about the proposed Mets Stadium plan. Designed with the fan in mind, officials believe the community show support for the plan. The first public hearing will be Feb. 27th.

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EDC Approves Shea And Yankee Stadium Plans

The board of directors of the Empire State Development Corporation approved redevelopment plans for Shea and Yankee stadiums Wednesday.

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Mets and Olympic Stadium in 2012 Bid

The city responds to the nixing of the west side stadium plans by redirecting their Olympic stadium aspirations to the Mets stadium in Queens. In the NYC Bid for the 2012 Olympics, the new Mets stadium plan will be expanded to 80,000 seats and a state-of-the-art track-and-field facility.

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