Yankee Stadium is a baseball stadium located in the Bronx, New York City. It is the home field of the New York Yankees of Major League Baseball, and New York City FC of Major League Soccer. Opened in April 2009, the stadium replaced the original Yankee Stadium that operated from 1923 to 2008; it is situated on the former site of Macombs Dam Park, one block north of the original stadium's site. The new Yankee Stadium replicates design elements of the original Yankee Stadium (including its exterior and trademark frieze), while incorporating larger spaces and modern amenities. It is the third-largest stadium in Major League Baseball by seating capacity. Although construction began in August 2006, the project spanned many years and faced many controversies, including the high public cost and the loss of public parkland. The $2.3 billion stadium, built with $1.2 billion in public subsidies, is one of the most expensive stadiums ever built. Along with baseball, the stadium has hosted soccer matches; in 2014, it became the home field of the new Major League Soccer expansion club New York City FC, which is owned by City Football Group and the Yankees. Yankee Stadium was intended to be an interim venue for the club until a soccer-specific stadium is constructed. It has also occasionally hosted neutral-site college football games, including the annual Pinstripe Bowl, as well as concerts and other events. History Planning New York Yankees owner George Steinbrenner began campaigning for a new stadium in the early 1980s, just a few years after the remodeled Yankee Stadium opened. Steinbrenner at the time was reportedly considering a move to the Meadowlands Sports Complex in New Jersey. New Jersey Governor Thomas Kean in 1984 authorized the use of land for a new baseball stadium in the Meadowlands, but the state legislature did not provide financing for the stadium. In a statewide referendum in 1987, New Jersey taxpayers rejected $185 million in public financing for a baseball stadium for the Yankees. Despite the rejection from New Jersey, Steinbrenner frequently threatened to move as leverage in negotiations with New York City. In 1988, Mayor Ed Koch agreed to have city taxpayers spend $90 million on a second renovation of Yankee Stadium that included luxury boxes and restaurants inside the stadium and parking garages and traffic improvements outside. Steinbrenner agreed in principle, but then backed out of the deal. In 1993, Mayor David