In 1998 , Bronx Borough President Fernando Ferrer proposed spending $ 600 million in public money to add dozens of luxury boxes to the stadium , to improve highway and public transportation access , and to create a Yankee Village , with shops , restaurants , and a museum . Steinbrenner rejected this as well . That same year , Mayor Rudy Giuliani unveiled a plan to relocate the Yankees to the West Side Yard for a $ 1 billion stadium . However , with most of the funding coming from taxpayers , Giuliani tabled the proposal , fearing rejection in a citywide referendum . The West Side Stadium plan resurfaced in December 2001 , and by January 2002 , months after the September 11 attacks , Giuliani announced " tentative agreements " for both the New York Yankees and New York Mets to build new stadiums . He estimated that both stadiums would cost $ 2 billion , with city and state taxpayers contributing $ 1.2 billion
September 11 attacks
September 11 attacks
Yankee Stadium